Browse Symbol Stacks: $IWM: $QQQ hourly chart with head and shoulders pattern

$QQQ hourly chart with head and shoulders pattern

5 Technical Reasons Stocks May Soon Move Lower ($SPY, $DIA, $QQQ, $MDY, $IWM). 

-Four “distribution days” on the Nasdaq 
-Lack of increasing volume as the market has been rising 
-Key short-term resistance levels being tested on the S&P and Dow ($SPY and $DIA) 
-Head and Shoulders pattern on the Nasdaq 100 ($QQQ) 
-Relative weakness in the small and mid-cap indexes ($IWM and $MDY) 

In this article, we will explain each of the five reasons above in more detail…

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