And the DIA throw-back to its H&S neckline:
The QQQ and what could be perceived as a complex H&S pattern:
The IWM right at the neckline from its previous Head & Shoulders top:
It is what it is. Throw-backs often expend a lot of energy only to run out of steam and have the bottom drop out. It will take some strong upward momentum to recover, and it needs to do so soon in my opinion.
1 comments:
So many global indices are starting to move back into their recent upper ranges, giving them a chance to make new highs/slip back down into their lower ranges. Your graphs highlight this important time really well.
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