S&P 500 is forming a viscious head and shoulder top pattern, with downward sloping neck line, and price target at around 1140. We do see volume zoom up at the right side of the right shoulder which serves a confirmation of this formation.
Similarly NASDAQ is forming a head and shoulder pattern as well, different from S&P, its neck line is slightly upward sloping. Its near term price target is around 2365 which is close to my price target of 2320 level.
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