I am quite bullish on Costco wholesale, they have show amazing growth this year to date and continue to demonstrate strength in the retail world. I am bullish regardless of the reading in the long term. I beleive we have to case scenarios for NASDAQ:COST
Option 1: Good Reading, will casue this stock to continue to pump up about 1-1.5%. This could create enough momentum to complete the butterfly pattern.
Option 2: Bad Reading, will cause the stock to drop and fill the gap at 714. This could present an excellent long opportunity if the double bottom plays out correctly. Timing and patience will be key before we start our accension upward.
I will try my best to update on this. be smart, be patient, and trade on!