September markets usually stink. Leading up to an election, it’s even worse.
Even perma-bull, Tom Lee, says “Be cautious for the next 8 weeks.”
The first trading day of September didn’t disappoint as the market sinks without any relief rallies.
CMT, Christian Tharp, says the Nasdaq looks “sketchy” and the market’s slowly giving back last week’s gains.
Christian wouldn’t be surprised if we just see a choppy market going forward.
In today’s market breakdown, he looks at the major indices for what they could do next.
Watch this 5-minute breakdown where Christian’s discussing:
- What could happen to tech stocks this month
- The turnover happening from the Nasdaq into the S&P 500
- What levels we need to see for a leg up (or down).
More from Christian:
Christian Tharp is one of only 3,500 Chartered Market Technicians (CMT) in the world.
His bread and butter is using technical analysis to find fast…
I mean lightning fast moves on options.
Some of his trades in his services open on Thursday and close on Friday morning.
Like recently:
In June:
- Closed a 100% winner on CRM in 1 day
- Closed a 300% winner on MU in 1 day
- Closed a 500% winner on ALAB in 1 day
In July:
- Banked a 500% winner on HD in 1 day
- Landed a 200% winner on TSLA in 1 day
He uses his 1-day options strategy for these plays. Click here to get his free presentation on how to make these trades yourself.