A couple trend lines to trade off of
Crude has been folloing the trends beautifully lately. Short the rejections or reversals of resistance or you could short the breakdowns of support. Go long on the breakouts of resistance or the bounces off of support. The overall long term trend it up but that could change temporarily.
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Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
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SpyderCall OP : @LuckyPiggie
LuckyPiggie SpyderCall OP : i thought the news from EIA would have send it up![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102640653 : How is your reading for Nasdaq, riot , Mara, n hongkong market along with Tencent . China market up but baba n Tencent quiet not moving much at all. How u see . Thanks
SpyderCall OP LuckyPiggie : so did I. the EIA did already project lower future energy use. This was a couple weeks ago or something. Many are calling for higher oil price in the future. but for dated futures contracts are pointing towards more downside. I always watch the far dated futures and options contracts to see what the smart money is doing
SpyderCall OP 102640653 : mara and riot are making new 52 week lows with BTC dropping right now. They will not get any sustained uptrend until BTC can uptrend as well. It might be a few weeks before BTC finds a bottom. Who knows for sure? So those BTC mining stocks might take a while to climb back up. NASDAQ does not look good. VIX is up and the indices are down with a gap down over night. Its an ugly picture to start the US pre marke trading.
SpyderCall OP 102640653 : Let me check BABA and TENCENT. I didnt look at any charts yesterday as I was busy. let me have a look at them for ya
102640653 SpyderCall OP : Thanks
LuckyPiggie SpyderCall OP : was down in HK market
102640653 SpyderCall OP : How do u see nvda . Yesterday big sell off . Today night also look same
SpyderCall OP 102640653 : let me double check the nvda charts really quick
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