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Nasdaq Head & Shoulders Forming

Short
US Composite Index (TVC:IXIC)  
infocharts Updated   
TVC:IXIC   US Composite Index
Trend Analysis Chart Patterns
2
1
trendanalysis chartpattern
Right shoulder is in progress. Based on FANG stocks, it appears that most have exhausted their push. Right shoulder may not be as high as left shoulder.

These stocks are moving as if its their big earnings rally, its not.
Comment:
Appears right shoulder top is in.
Comment:
Right shoulder top is in, now forming bottom, neck line should be breached here, then it comes back to test it.
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