This Perfect Pullback Could Make Your Entire Month

Head-Trader at SchoolOfTrade.com • Aug 30, 2023 at 11:38 PM EDT

Nasdaq is bullish and still grinding higher today, telling buyers to stay patient and wait for entries on the next 2-leg pullback.

End of August – let’s finish strong!

Markets continued grinding higher today, squeezing out the bears, and making this PERFECT PULLBACK one of my favorite trades of the month!

E-mini and Nasdaq gave us (3) important clues today, which makes our game plan easy for Thursday – don’t miss this one!

E-Mini S&P (ES):

(Click on image to enlarge)

E-mini is bullish with a wedge, telling us that buyers are still waiting for that deep pullback to “buy the dip” after yesterday’s massive short squeeze.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bullish and still grinding higher today, telling buyers to stay patient and wait for entries on the next 2-leg pullback.

Video Length: 00:30:14

More By This Author:

These 2 Traps Could Make Your Entire Week
This Fake-Out Breakout Could Be Your Biggest Win Of The Week
This Crown Reversal Could Easily 15x On Tuesday

Disclaimer:

Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.