UPDATE April 4
MELT UP!!!
It's a melt up. Don't worry about news or valuations or fundamentals or anything else. This is a melt up. I warned this was a possibility. This is going to go up until it's done. When is it done? when the MACD divergences form on the 1 hr and daily (the daily requires a day of selling, so it will be delayed but more accurate)
This has taken off and left 5 days' worth of gaps. Gaps get closed. When this turns, it is going to fall hard. It was built on gaps and low volume, which is a recipe for disaster, not a new bull market. BUT it will need a reason to sell. A reason big enough to change the algos that are pushing it up.
mid bollinger is around 200. Upper bollinger is 208.
Personally, I expect the markets to climb until Thursday, maybe reaching as high as 330 on QQQ. BUT my momentum shows the hourly really weak. Maybe 322.7 is the top today? Watch for a divergence to form near that price if the markets start to pull back... After the run, I believe it's down hard. But until then, sit back and watch the melt up. If you are technically inclined, this market is great for futures trading. Or options sometimes. But again, personally, I wouldn't want to own anything here.
Be Safe, Be Careful, Be Wise
and as always
Good Luck
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razo2 : as always good technical analysis
iamiam OP Mooooney : yes, until this chooses a direction I'm only taking daily positions, I'm not holding anything (I do have long dated puts but I've had them a long time)