A Bull Flag Setup with Upcoming Earnings
Last week the major indexes took a hit.
However, we’re seeing a healthy bounce so far this week, and I believe the SPY could move to around 550-551 if it pushes past resistance.
As far as trade setups go, I’ve got a chart with a bull flag pattern that I’m looking to get positioned on.
Click the image below to get that trade.
YOUR ACTION PLAN
Costco (COST) has a great looking 195 minute TPS setup. As you’ll see in the chart below, it has a bull flag with a clear trend and a squeeze. It also has earnings coming up on Sept. 26. I’ll be looking to get in on COST during the week of earnings with a target at a new all-time high around $921.
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Yesterday I closed two winning trades, a 38.46% winner on CAVA and another 26.83% winner on CAVA (in one trading day).
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TESTIMONIAL TUESDAY
“Made 30% on CAVA also (IN 1 TRADING DAY). Thanks Nate!”
– 123Michaelg
“STC ORCL strangle @$13.22 good for 34% overnight gain!!! Thank you Bryan B!!!”
– BoomerMC
“A cool 15% WINNER in 1 trading day. In 2.65 (DKNG) out 3.05. Thank you Bryan. A great way to start the day.”
– Gunner