You Spoke, I Listened. Charts Are Back!
Way back in the day, I used to use static charts to highlight setups in the weekend newsletter.
However, as the scope of the Lund Loop grew, I found I could cover more ground and do deeper analysis with video, so the charts went bye bye.
Some subscribers have told me they don’t always have time to watch the ‘Market Strategy’ video, and they miss the convenience of the charts.
Unfortunately, I cover so much ground in my videos that I can’t replicate it with static charts. However, what I’ve decided to do is to curate a few of the setups from the video each week and post them in chart form.
This feature will be for paid subscribers only starting next week but I wanted to give everyone a preview - particularly if you were someone who preferred the static charts.
Charts In Focus
This is just a sampling of potential setups for next week. To see them all, check out the ‘Market Strategy’ video below
Click to expand the charts.
Exxon Mobil (XOM)
XOM has been basing between a fairly significant S/R level and recent highs. It’s above all major moving averages and a small inside day or two would create an ideal setup - though it may just break higher from here.
CVX recently broke a short-term down trend and then an ultra short-term downtrend after that. It’s now consolidating in a tight pattern just above recent pivot highs.
Las Vegas Sands (LVS)
LVS recently broke above a year-long S/R level and went on a two-week run. It’s now basing sideways in an extremely tight pattern, waiting to see if the uptrend will continue.
Wynn Resorts (WYNN)
In early November, WYNN broke a long-term down trend, then ran 30% higher before pulling back into a tight channel. It broke that channel on the first trading day of the New Year and added another 25% before resting in a tight consolidation pattern - which is where it’s at right now.
Marvell Technology (MRVL)
MRVL has been trying to bottom, bouncing off the $35 level a number of times. After pulling back on Wednesday and Thursday, it formed a small reversal bar on Friday, right underneath a long-term downtrend line.
PINS is trying hard to bottom. After hitting its all-time lows in July of 2022, it’s been basing sideways for the past 6-months and is consolidating in a tight range right at the top of the base.
Bitcoin and Ethereum - as well as every other crypto - have already broken out. Helium may be about to catch up as it consolidates in a flag-type pattern just above the 100EMA and below a significant S/R level
Market Strategy Video
After clicking the video below, make sure to maximize it and change the definition to 1080HD.