This is a very volatile market. Time to be cautious even though the QQQ remains in a short and longer term up-trend. This is not the time to make large bets.
This weekly Guppy GMMA chart of the SPY shows a bullish RWB pattern. The large cap nontech stocks represented in this index ETF (S&P 500) are stronger than the growth stocks represented in the QQQ. It looks like the SPY is moving up after a period of consolidation. All of the shorter term averages (red) are rising above the longer term averages (blue).