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UPDATE April 29
Oversold bounce, bear bounce, relief rally, call it what you want, it's not a trend change. The trend is BEARISH 🐻🐻🐻 if you are just now reading a post of mine - stay away from tech, unless your a day trader.
I will buy commodities, I'm not sure which yet besides:
I will buy commodities, I'm not sure which yet besides:
Haha, you knew it was coming! Oil, Gold!!! I'm always buying the dips (some physically![]()
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I made yesterday's UPDATE walking out the door. IAM a little busy![]()
so I'm organizing my time. I'm only doing Daily charts, and they will always be OIL - GOLD/SILVER (they are one and the same to me) - VIX - NQ (so you can see the BEARISH trend), and maybe a random commodity and/or miner.
Enough talk to the charts
Oil- $Crude Oil Futures(APR5) (CLmain.US)$ $SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ $Whiting Petroleum (WLL.US)$ $Occidental Petroleum (OXY.US)$ $Halliburton (HAL.US)$ $Schlumberger (SLB.US)$ $VanEck Oil Services ETF (OIH.US)$ (400!!!)
first the post from yesterday's Update
I made yesterday's UPDATE walking out the door. IAM a little busy
Enough talk to the charts
Oil- $Crude Oil Futures(APR5) (CLmain.US)$ $SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ $Whiting Petroleum (WLL.US)$ $Occidental Petroleum (OXY.US)$ $Halliburton (HAL.US)$ $Schlumberger (SLB.US)$ $VanEck Oil Services ETF (OIH.US)$ (400!!!)
first the post from yesterday's Update
Let's see todays. We will break out, but we are so close to overbought, that we may come back to the breakout price, just to cool off before a full hreakout.
Gold, $E-micro Gold Futures(APR5) (MGCmain.US)$ $SPDR Gold ETF (GLD.US)$ Still minor bearish trend touched the 100 MA .
NQ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ Is the relief rally over? my guess is yes, but we may run higher (if only to drop further)🐻🐻🐻
If you would like to see a commodities chart or have any questions, leave it in the comments (if I have one you'll probably get an opinion from me![]()
)
Nap time, may update VIX or NQ afterwards.
As always Good Luck![]()
Nap time, may update VIX or NQ afterwards.
As always Good Luck
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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Discussing
Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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Jan 23 16:54
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CrazyEnuff : thanks I'm super bullish on oil,
always appreciate ur charting
karnithya : Master, can you help with analysis on $iShares Silver Trust (SLV.US)$ and silver as such for next week?
Shuseido : Thank you in advance for the NQ updates later!
Moissanite : Thank you for the consistent updates. If it not too much to ask, would you do chart for $The Mosaic (MOS.US)$ thanks!
Provisionally : Can you please look at GDX?
iamiam OP Provisionally : $VanEck Gold Miners Equity ETF (GDX.US)$ A basket of Miners![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Yes please!
Same as silver, we are close to that yellow trendline which also gets all the MAs to line up. Should get an oversold rally, are we done going down? doesn't look like it, looks like a little more downside in the future, after we get an oversold rally I expect another small leg down to that yellow line before a reversal.
iamiam OP Moissanite : $The Mosaic (MOS.US)$ Fertilizer!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I just dont think so, i think we get a bump up then a dip then a reversal. So is it a terrible time to buy, not really. Plus this is my mid to lower 60s target from when the downtrend started. Bottom line. I like potash/nat gas anywhere here.
On the 50MA and trendline, could we get another little push down to fully land on the trendline, probably, but like the others we could reverse, but I think another little drop would give us the momentum to reverse. But commodities are so close to a reversal. I wouldn't necessarily buy the oversold rally, but I woukdnt be upset at anyone who does, this could be the rally?
iamiam OP karnithya : $iShares Silver Trust (SLV.US)$ hitting support, let's see if it holds as a reversal point. If it fails it could go all the way to the yellow support. It is going to get an oversold rally at some point soon (probably today). See how all the Moving Averages are coming back together, closing the separation gap, that is a sign we are ready for another move up soon.
iamiam OP : VIX - update on the daily, showing the 2 hr.
Look at the 2 hr test that mid trendline.
bollinger band "squeeze" coming, see how it had a "squeeze" and broke the last trendline?!? History repeats or rhymes, I'm expecting something similar.
Provisionally iamiam OP : So another oversold rally, another leg down and then reversal?
I was expecting an oversold rally but can’t see what’s next, thanks for analysis. How high do you think the oversold rally will go?
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