Thurs. 1_19

The QQQ has made a fresh 11-year high today.  There's the chance that we could get a climactic capitulation move followed by a strong (healthy) correction, but then there's the chance that price completely detaches from rationality.  Over the course of 1-year the QQQ has tried to achieve the $60-mark 4-times.  Now it seems to be accepting $60 in its 5th attempt.  Some bearish scenarios would be a blow-off top at the trend-line throw-back or a 2b-top setup.  Otherwise, this rocket could be ready to launch.  Maybe we end up seeing $70 before $55.