Seems to me there is little upside left to the QQQs, it's been used to prop up the market while just about every other sector has been independently sold off.   There may be a little more upside to a gdx, gold, commodities and energy bounce in the short term (next 2 weeks) after gdx hits the 68.3 fib while the $ hits and then pulls back from it's 200 day.   After that, headed into the summer it looks like $ strong, gold, commodities, energy continue to be weak.   My guess is that Crypto will follow along with this cohort.  So my conclusion for risk on is to buy the Russel - I'm going to open a long swing position today in IWM and Banks and add over next 1-3 weeks as long as the stop Matt showed last night doesn't get hit... seems like the most likely for biggest swing bounce.  Will add to some SPY and QQQs as we didn't quite fill the gap and they clearly have steam for another run (plus I didn't see Tom Lee).