The $QQQ has been been the laggard of the major indices since May 2015. Head & Shoulders forming on the dailyas labeled. Bear flagged the uptrend line from February in mid-May 2016 then re-tested the same upward trend line only to be crushed by #Brexit Friday. But #Brexit isn't the only reason for the fall. I think investors are starting to finally wake up and smell the "overvalued flowers". With Gold (+24%), Utilities (+17%) and TLT (+12%) outperforming all othyer sectors, investors are positioning themselves to more risk-off positions. More charts to come.