This bounce is not convincing!!! Its a better head & shoulder on QQQ. Lets see if the Neck line holds this time
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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 disappointments
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We are topping out. Should head lower. Made a bigger Head and shoulder on this chart