Still Heading Lower
New Lows
- New lows have been printed in the short-term picture.
- The daily candle closed just above support after undercutting it to make new lows.
- Things are looking more bearish in the short term.
Be weary of your long positions.
Obviously, this selloff could reverse at any moment. But right now, in the short term, things look like they are pointed lower.
These two charts you can see below are from previous posts and are still valid. Check out my previous comments on crude futures to get more detail. I provide the major support levels to watch for potential resistance or a possible rebound. Check out the link below.
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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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leew1966 : Hello thanks for posting all this info for us, I wanted to ask are you the person who made the trend process, if so where can i get it ty
102640653 : Hi. If u r free can u have a look at Shanghai stock index. I am looking a bottom is in place for Shanghai market. They will this be helping out China a50 n hongkong market. Can see technical details on Shanghai index. I’m still looking at bottom for Alibaba n Tencent. Hopefully if it works out.
SpyderCallOP 102640653: I will check on it in a little bit. I will get back to you
SpyderCallOP leew1966: I didn't really invent anything. I am just calling the charts as I see them. I've had a little practice. I think a lot of investors use the same method that I use. That is why it works sometimes.
I kind of developed my own method from all of the little bits I have learned throughout my MANY many hours in front of my computer. I am basically self-taught, but I wouldn't call anything my own process that I made myself.
SpyderCallOP : And yet again another red day
102640653 SpyderCallOP: Thanks