E-Mini Nasdaq NQ – E-Mini SP500 ES Head and Shoulders Pattern – 061312

Both the E-Mini Nasdaq NQ, and E-Mini SP500 ES, have set up head and shoulders patterns on 60 minute charts.  NQ projects to 2430.00, while ES Projects to 1260.  I’m holding bearish ETFs TZA, QID, TYP, and the 2X VIX Short Term ETF – TVIX.

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