FB -1.69%, AMZN -1.48%, AAPL -0.36%, MSFT -1.10%, GOOGL -1.10%. They all closed down today. It looks like the Nasdaq 100 index is forming a head and shoulders pattern on the daily chart. As you said, I did not like the way tech stocks reversed today.
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Yes. Looks like a H/S pattern in the make.
I think MSFT is also shaping a H/S pattern. GOOGL is already breaking down below the neckline. Looks like Nasdaq is in trouble.
Yes, bad.