NASDAQ Head and Shoulders Break

Not only have we seen the NASDAQ clearly rejection of the Daily 200 SMA and Yearly Pivot @ 15k but, we now also have a break below the Yearly S1 Pivot @ 13500 triggering the large Head and Shoulders pattern with a target near the Nov 2020 lows of the bullish channel @ 11200. For now the next level of support would be around 12200 with a re-test of the HnS neckline and Yearly S1 Pivot also a possibility.