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Friday, October 4, 2024

Scary pictures for Maga 5

 For those who are familiar with tech analysis, you should be in agreement with me that the following charts looks scary for the Mega 5 stocks, the overwhelmingly dominating stocks in the major indexes. They all looks like forming a bearish H&S pattern, suggesting a topping is being made and they are vulnerable to a sudden plunge from here. If so, what will happen to S&P and NASDAQ when the major stocks for them lose a big trunk of the values?

 

 MSFT

   

GOOGL

   

NVDA

  

TSLA

  


AMZN

 


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