Sept 11 Setup (Head and Shoulders)
Be prepared for global uncertainty to drive the NQ towards recent lows setting up a Head-n-Shoulders formation that may be an ultimate top in the markets. Everything appears to be setting up rather well, divergence in technical indicators, North Korea tension, Earnings variations. We could be in for a 300pt+ drop in the NQ ending near Sept 11th by my calculations. Then, expect a bit of a rally before the bigger move (possibly starting on or before Sept 28~29). Heads up folks. We could be in for a wild ride.
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