SLB Swing Trade - Grade A
Strategy Description
• Solid earnings + Reaction
• In a very strong sector (XLE)
• Huge daily level with not much resistance until higher up
Market Big Picture
• SPX favors the upside until we break below 3638.
• Energy plays tend to diverge from SPX, so this is a comfortable swing even if the market is dying and breaks below...
$MARA had a massive volume spike on the recent move up - This showed clear aggressive buying. Mara can breakout over 9.18 and run if Bitcoin has found a true bottom and starts its accent.
AMD is in a head and shoulder pattern on the daily and is starting to break the neckline. The H&S target lines up perfectly with a big support level down below.