Possible H&S Top on NAZ?
While currently just a theory on NAZ H&S top, with RSI not confirming new highs, mkt leaders (TSLA, AAPL, NFLX, Biotechs, etc.) under recent distribution and sentiment at/near record highs, stocks/indices seem very vulnerable.
TBD to see if NAZ (and S&P) continue to form a H&S pattern and if so, if they confirm w/break below neckline.
While currently just a theory on NAZ H&S top, with RSI not confirming new highs, mkt leaders (TSLA, AAPL, NFLX, Biotechs, etc.) under recent distribution and sentiment at/near record highs, stocks/indices seem very vulnerable.
TBD to see if NAZ (and S&P) continue to form a H&S pattern and if so, if they confirm w/break below neckline.