The charts indicate a possible double top forming for Nasdaq @ 17.860 points with an indicated drop to around 17.000 points. If Nasdaq are able to push past the formation will be render invalid and 20.000 points may be next.

In the $1000 challenge the best is still on NIO, which just reported record monthly and quarterly deliveries. Will this push the $1000 challenge to the second double at $4.000?

This and much more in this week's "Trading Tips With Jim".