Nasdaq forming H&S??

On a weekly basis the Nasdaq 100 could be forming a Head and shoulders pattern.  It could easily still rise to 2800 (the old up trend line) and then sell off.  Key is the break of the neckline or a break above the September high.

Nasdaq weekly chart

Author: Geoff

Quick rundown: Grew up in Lombard, Illinois, went to Arizona State University, worked as a CPA with Arthur Andersen & Co, then Laventhal and Horwath, then Rolling Stones, then Heron International, then Goodby Berlin and Silverstein in San Francisco. Moved to the foothills in 1990 and traded futures and designed websites. Married to Kate Stewart, now living in Colfax, CA. We have six grandchildren. I enjoy camping in our RV, hiking, kayaking, fishing, droning and cross country skiing Also conga drumming, photography and dogs.