Possible Nasdaq Warning

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Let’s keep an eye on the Nasdaq in the coming days. As you can see in the chart above a left shoulder and head are in place.  The right shoulder is forming, but is not complete yet. A break of the 65.50-66 level could start a quick slide lower though. This would validate a bearish head and shoulder pattern. A move down to the 62-63 would be possible on a break. This is an early setup regarding the validation of the right shoulder, but definitely bears watching.

See you on the chat.

Joe