QQQ - H&S Top?
QQQ looks to be in the process of forming a minor H&S top. Looks like momentum is waning and but for GOOG, AMZN, TSLA holding things up a bit, the weight of AAPL and MSFT going down is causing a standoff at essentially the flat line. The constant rotation thru big cap tech names to work off overbought and oversold conditions can not continue in earnest much longer. If there is going to be any meaningful further advance down the road the Q's need to correct. Look for a 2-4% move down this week and a coordinated effort to sell all big cap tech and semis simultaneously.
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