Blog Post: Day 8 of $QQQ short term up-trend; $QQQ held the head and shoulders neckline–but will it overtake the right shoulder?

GMI6/6
GMI-26/9
T210860%

Note QQQ held the neckline (purple line). If QQQ can close above its right shoulder, the head and shoulders topping pattern will have been invalidated. If it starts down before that, it could mean a significant decline is on tap. Tomorrow’s action may tell us.

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