This bounce is not convincing!!! Its a better head & shoulder on QQQ. Lets see if the Neck line holds this time
Trade active
As you can see S&P 500 broke down from the H&S formation. Possible Bullish divergence on the daily chart if we reverse sharp tomorrow or Wednesday. If we bounce we will retest the neckline over the holidays. I am expecting a huge red Month of January with all the earnings disappointmentsTrade active
We are topping out. Should head lower. Made a bigger Head and shoulder on this chart
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.