Mega Cap Tech Setting a Head & Shoulders – Breadth Collapse Inco

NYFANG (FANG+) is showing a textbook Head & Shoulders pattern — Left Shoulder, Head, and a freshly printed Right Shoulder.

The setup becomes even more concerning when you combine it with the Nasdaq Oscillator, which just printed an identical spike to the one that marked the 2024 top.

🧠 Here's the backdrop:

Netflix, Meta, Google, and Microsoft have already had their post-earnings moonshots.

Tonight it’s Amazon and Apple — the last two horses in the race (Nvidia is still weeks away).

Breadth is collapsing — this rally is being carried by fewer and fewer names.

📉 Breakdown below the neckline could mean:

🔻 –25% correction (minimum)

🚨 Potential –50% wipeout if the neckline fails