I’ve been doing some chart work recently that’s caught my attention in a major way, and so far May continues to look strong. Everything has been tracking almost exactly as expected, which makes the setup even more compelling.
When I overlay the current AI rally against the late-1990s tech boom, the alignment is almost uncanny. And I’m calling it a boom for now — we’ll save the bubble talk for when it actually pops.
No two cycles are identical, but with such striking alignment so far, this historical comparison is worth respecting. The March through May period has essentially played out as the mapping suggested with May running hot just like the 1990s version.
But it’s what comes next that has my full attention…
A July-August Drawdown May Be On Deck
When I look at the late summer months during the tech boom, I see what appears to be a roughly 20% Nasdaq drawdown in July and August. And what’s fascinating is how closely this lines up with another entirely separate framework — the new Fed chair pattern I’ve discussed plenty of times.
Since 1916, markets have seen 16 Fed chair transitions. Fifteen of those 16 experienced a drawdown over 5% at some point during their first year, and the average drawdown has been about 14.8%.
We double-checked the entire data set and the consistency is remarkable. Historically, most of those pullbacks happened within the first six to 12 months, which makes the July-August window especially notable this time around.
If this drawdown materializes, we’re going to be ready. We’ll be rolling out the Dream Portfolio — something Nate and I put together for big drawdowns and buying great stocks on the cheap — and walking through exactly how to scale into discounted positions with discipline and precision.
A summer pullback, if we get it, does not mean the bull market is over — these moves historically have been opportunities from peak to trough, not bearish reversals.
And this is important: Similar historical periods often produced strong rebounds. The Dow’s averaged a 7-8% post-dip recovery and the Nasdaq has tended to bounce even harder.
Current market conditions favor intraday and short-dated options trades — risk can be managed tightly until volatility and seasonality sort themselves out. For traders, 0DTE setups remain especially attractive in this environment.
What Happened Next in the Tech Boom
Seasonally speaking, after the late-summer dip in the 1990s pattern, markets turned higher again. If we do get a meaningful July-August pullback, it could set up one of the best entry points of the year.
So far, everything has played out to a T — the march higher, the timing and the structure — which is why this comparison stays front and center for me right now.
Stay disciplined, stay patient and keep an eye on the calendar. The next few months could be very interesting.
Graham Lindman
Graham Lindman Trading
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P.S. The Overlooked STocks That Soar Minutes After the Open
Let’s forget about the drama in the Middle East for a second…
This Monday, Roger Scott is kicking off one of the boldest moves of his entire career, and I’ll be alongside him.
Roger will put $50K of his own money into a brand-new approach where traders like us get to target extra cash within the first 30 minutes of every market day.
You don’t need that much to tag along, and all you have to do is place a basic trade just minutes after the opening bell…
And if things work out, have a shot to hit the daily goal completely hands-free from there.
As you’ll see…
Roger’s not piling that cash into NVDA or AAPL or any “popular” stocks!
But rather the tickers you won’t see “experts” on Fox and CNBC talk about.
We’ll give you all the details at 1 p.m. ET this Monday.
This is one of the boldest moves of his entire three-decade career, solely dedicating $50K to trading what he calls 30-Minute Flyers.
Overlooked stocks that have shown the power to soar 10%, 20 % and even 30% in the first 30 minutes after the opening bell.
Giving you the room to get in and out of the markets before any surprises strike.
You’ll also see why Roger’s so confident of piling that much money into these High Flyers…
You’ll see the overlooked force powering these 30-Minute windows that folks in the media will never talk about…
Most importantly…
You’ll get the chance to join in trading the 30-Minute Flyers setup that could trigger at any moment next week…
Roger will spill one of the most stunning secrets he’s ever come across in his career this Monday.
So he wants you to keep the details about this exclusive event closely guarded.
Naturally, we won’t make reckless promises when it comes to trading, but….
We develop strategies to the best of our ability, but cannot guarantee a future return. There is always a risk of loss when trading. Past performance is not indicative of future results. The results shown are from LIVE signals from 12/29/25 – 4/20/26. The result was a 63% win rate, a 3.3% average return (winners and losers), and an 11.8% average win with a 1-day hold time.
