• 707 days Will The ECB Continue To Hike Rates?
  • 707 days Forbes: Aramco Remains Largest Company In The Middle East
  • 709 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,109 days Could Crypto Overtake Traditional Investment?
  • 1,114 days Americans Still Quitting Jobs At Record Pace
  • 1,116 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,119 days Is The Dollar Too Strong?
  • 1,119 days Big Tech Disappoints Investors on Earnings Calls
  • 1,120 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,122 days China Is Quietly Trying To Distance Itself From Russia
  • 1,122 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,126 days Crypto Investors Won Big In 2021
  • 1,126 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,127 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,129 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,130 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,133 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,134 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,134 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,136 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Cup With Handle

Nasdaq Composite

I expect we will have new highs in Dow Jones, S&P 500, and the Nasdaq by next week. This is actually a better set-up to short but does not mean this trio will all make new highs next week.

The chart below is of the Comp., with a cup and handle chart pattern.  You may have to use a little imagination, but it is there.

Some technicians will argue about definitions of patterns till they are blue in the face.  I am happy for them, but the name of the game is probabilities.

Using the one particular cycle on the chart, notated in blue, we may have a reversal coming up.  There are other cycles of importance that also converge soon, and my subs are all aware of this.

NASDAQ Composite Daily Chart

Be prepared for the next time and price projection and above all preserve your capital.  This is a game of probabilities.

August will be a great month for trading,  I hope everyone profits this month, good luck.

 

Back to homepage

Leave a comment

Leave a comment