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Possible Head and Shoulders

Short
US Nas 100 (OANDA:NAS100USD)  
FXAutomate  
OANDA:NAS100USD   US Nas 100
Trend Analysis Head and Shoulders
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trendanalysis headandshoulders
With a break below 14840 the NASDAQ has confirmed a possible head and shoulders with a full short target near the Daily 200 SMA @ 14050. Currently, there is also very strong resistance in the form of the Monthly Pivot which coincides with the Yearly R1 Pivot @ 15000. This could indicate that the most probable scenario is a move lower to test diagonal support near the Weekly and Monthly R1 Pivots @ 1440/
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