QQQ is at the moment of truth for its potential head and shoulders top with triangle right shoulder. It appears to be reversing as I type this.
It could also put in a double-headed H&S or turn the entire move off the June 9th high into a larger triangle within a larger H&S top.
Sornette has announced a bubble crash set-up in FANG stocks. That means a roughly 60% chance of a 20%+ crash in those stocks that reaches its target within two weeks. The green scenario is a perfect set-up for that.
The other 40% of the time a market moves sideways for longer before a correction (purple scenario) or breaks out upwards from a smaller consolidation within an extended top like a rising wedge or rising megaphone before a larger correction.