Nasdaq Check-Up

Here is the QQQ, the Nasdaq 100 ETF. Just wanted to point out that QQQ hit my target zone of the sloping H&S pattern (both lines colored green). Like NQ, this ETF is banging around a resitance level from fall 2020 that was tested in the spring of 2021. It isn't surprising that a rally would meet resistance here. It's also, again not ruling out a bearish move to new lows, a good spot for a reversal. The next lower target is long-term support, about 15 percent lower from here.