A massive head and shoulders pattern is forming on the Big 7 tech stocks (AAPL, MSFT, NVDA, GOOGL, AMZN, META, TSLA). After a strong rally, a death cross (50 EMA crossing below 200 EMA) has appeared, pointing to possible weakness ahead.
Short-term concerns: right shoulder is forming now. If it holds, we could see a bounce. If the right shoulder fails, expect sharp drops and potential broader market reversals.
Long-term view: markets could still move higher over time, but short-term risks are rising. This setup resembles the 1999-2000 period before the dot-com crash. The AI bubble could be nearing its peak, with current leaders losing strength and new players stepping in.
Key to watch: neckline of the head and shoulders and how the market reacts to the death cross.
disclaimer: this is not financial advice. for informational purposes only. trading involves risk and past patterns do not predict future results. always do your own research and consult a licensed financial advisor before making decisions.
Short-term concerns: right shoulder is forming now. If it holds, we could see a bounce. If the right shoulder fails, expect sharp drops and potential broader market reversals.
Long-term view: markets could still move higher over time, but short-term risks are rising. This setup resembles the 1999-2000 period before the dot-com crash. The AI bubble could be nearing its peak, with current leaders losing strength and new players stepping in.
Key to watch: neckline of the head and shoulders and how the market reacts to the death cross.
disclaimer: this is not financial advice. for informational purposes only. trading involves risk and past patterns do not predict future results. always do your own research and consult a licensed financial advisor before making decisions.
Note
Crossing 50 upwards with momentum might (temporarily) void this idea. However, it looks like a clear GTFO situation.. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.