Technical Analysis for Oil and Nasdaq - 2/4/2019 Bullish or bearish?

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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