Nasdaq - cautiously optimistic (inv H&S)

After the steep sell off in September, NQ is now forming a possible inverted Head & Shoulders. A break up of the neckline @ 11585 will confirm that the worst is over and NQ is likely to at least go back to the high of around 12500 (inverted H&S target).

With RSI back >50, I am cautiously optimistic that another swing up is likely.

Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.