Daily analysis-07Jul2022
MooMoo account update 07Jul2022
(Question: How to overlap volume with my chart?)
(Question: How to overlap volume with my chart?)
![Daily analysis-07Jul2022](https://sgsnsimg.moomoo.com/406379682450919609.jpg/bigmoo)
First, look at the $S&P 500 Index(.SPX.US$ today. We can observe 2 main things: Down-trend is still intact, and the price is below MA30 which is still sloping down. This is a typical phase 4 stock where the decline is still dominating.
![SPX](https://ussnsimg.moomoo.com/8722472327177286485.jpg/bigmoo)
What we need to look for is when the MA30 is flattening and when the gap between the stock and MA30 are not so far from each other= this is where the stock is reaching phase 1 (the bottom phase). We shall still wait. $Nasdaq Composite Index(.IXIC.US$ is also showing the similar pattern.
![Daily analysis-07Jul2022](https://ussnsimg.moomoo.com/4349382329918533964.jpg/bigmoo)
Today, the $Crude Oil Futures(SEP4)(CLmain.US$ finally closed below MA30. Indeed this is a good news. Hopefully this phase 3 will turn to phase 4: where the MA30 becomes a strong resistance, and MA30 start to slop down. Once this is confirmed, inflation caused by oil/food was peaking and we shall start to see the news where the price is controlled etc in the near future. Stock/future normally leading 3-6 months.
In summary, this is a good sign that the crude oil was reaching the top.
In summary, this is a good sign that the crude oil was reaching the top.
![Daily analysis-07Jul2022](https://ussnsimg.moomoo.com/2390145958774127477.jpg/bigmoo)
Lastly, for $Alibaba(BABA.US$ , the volume is not strong enough to push its further. If there is a bull candle with a strong volume that push it beyond the resistance at 120, i will enter it as reversal trade.
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Please follow me if you would like to get a update from me.
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https://www.youtube.com/channel/UCXrx37FdB5C3Lby2m9R3HAQ
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whqqq : these are really good and worth the read.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
JM investor OP whqqq : thank you for your kind comments!
Giovanni Ayala :![nerd_face 🤓](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f913.png)