If you're no longer expecting a Nasdaq 100 breakdown, then here is the classic H&S formation on the Philadelphia Semiconductor Index (whose components include the giants of this year's tech rally). Will a break below the SOX neckline help drag down the Nasdaq 100 below 14800?
The Apple (NASDAQ:AAPL) event and US CPI release are among the powerful drivers for what's to come next. But I suspect the indices won't resolve themselves before the FOMC meeting. We've been short NDX (US100) since late last month.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.
