As much as Q4 produced a historic contraction in the markets, Q1 in 2019 has produced a historic comeback. Now in mid-April, this risk appetite still appears strong especially in tech names. $QQQ for example briefly tagged a fresh all-time-high during the 4/17 session before retreating. QQQ Daily Chart(click to enlarge)Bullish Breakout:- The brief breakout could be opening up the ETF for more upside.- However if the week closes under $187.50, we might see some consolidation ahead.- If there is consolidation, there is a likelihood that the $180-$181 area would be support as it was back in 2018. - Also note the decline in volume in this rally. This could be a sign that the rally is read for a break.- I think 180 would be a key support. But 170 will be the critical support for the bullish scenario.- A break below 170 shows that the market is still in consolidation mode. But if price holds above 170, it is more likely to be in bullish continuation mode.