Could the Nasdaq be about to bounce back?!
Despite all the bearish news around tech stocks and increasing chatter speculating on a wider US market crash, the chart for the Nas could be printing an inverted head and shoulders pattern, which would complete nicely to set the market up for a Santa rally through top December.
I'm not currently trading this, but will keep watching and may get interested if the H&S pattern completes and is followed by a breakout.
I'm not currently trading this, but will keep watching and may get interested if the H&S pattern completes and is followed by a breakout.
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.