We have an impulsive breakdown below the 120-minute H&S pattern as well as the key 136.40 support level so far today. Right behind the June 9th bearish engulfing candle in QQQ & other technical breakdowns in QQQ & the FAAMG stocks, this is one of the highest probability sell signals on the Q’s in many month. While the H&S pattern measured target comes in around the 131.60 level, my preferred swing target is the 130.50ish level. Updated 120-minute chart:
QQQ 120-minute June 29th