Technical Analysis for Oil and Nasdaq – 2/4/2019
Oil prices are always fun to chart because there is usually a lot of movement. Today was no exception. In fact, there was a great trade on the 5 or 15-minute chart that I will show in the video.
So far my weekly schedule for chart reviews are:
- Monday – Oil and Nasdaq
- Tuesday – Stocks and Forex
- Wednesday – Weekly update on the S&P 500
- Thursday – Stocks and Forex
- Saturday/Sunday – Weekly outlook for the S&P 500, DJIA, and maybe some stocks and Forex
That is the schedule I’ve sene to taken for the videos and is what I will try to stick by. I’ll still publish 2-3 articles per week as well. The videos may change from week to week
I also have a newsletter that I am still working on for the people who have signed up. I want to be able to provide the subscribers with something special that I don’t put on the site. So I am still working on it. It’s free to subscribe but if someone gives me there email then I wan to provide something more than what I put on the site.
Here is the video:
Recap
With the Nasdaq, I am looking for it to move higher. There is still some room left in the lightning trade setup to the upside from the daily timeframe chart.
With the oil price, I am looking for it to move up a little bit more before it retraces. Then after that, I am looking for a big up to around $69.00. The oil price isn’t out of the woods yet of a potential retracement back into the low 40’s but if it keeps moving up then it can be avoided.
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