U.S. Stocks Ignoring Logic

CEO, Factor LLC • Aug 22, 2016 at 4:48 PM EDT

U.S. stocks remain in strong underlying bull trends. The dominant pattern in the Nasdaq is a completed 18-month H&S failure pattern with a target of 5413.

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U.S. Stocks Ignoring Logic - Factor Trading - Peter Brandt NASDAQ

The S&P weekly chart displays a completed 2-year rectangle with a possible target of 2411.

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U.S. Stocks Ignoring Logic - Factor Trading - Peter Brandt S&P

I realize that these U.S. Stocks targets seem impossible for some very smart global macro traders in the Factor community. I highly respect a number of you who are extremely negative on the U.S. stock market based on your research. You may be right – I can only communicate what the charts are telling me right now. Factor is long Nasdaq futures.

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U.S. Stocks Ignoring Logic - Factor Trading - Peter Brandt - DJIA

Factor Membership is now available, including a quarterly option. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about.