Many tech stocks (Nasdaq-100 $Invesco QQQ(QQQ)$ , Microsoft $Microsoft(MSFT)$ , ARM $ARM Holdings Ltd(ARM)$ , Synopsys $Synopsys(SNPS)$ , Meta $Meta Platforms, Inc.(META)$ , and TSMC) are forming classical reversal patterns such as Double Tops and Head & Shoulders. However, fundamentals always take precedence over technical analysis. I see no major fundamental news that would drive stocks toward their technical target prices. I reckon these are bear traps, and eventually, stocks will move higher after the U.S. presidential election on November 5th. However, bulls may only star
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