| While the shorter timeframes are setting up the timing, the daily chart is giving us the direction... Stacked EMAs: The 8, 13, 21, and 34 exponential moving averages are perfectly stacked bullish. This is institutional money flow at work - when EMAs stack like this on an energy name, smart money is positioned. Point of Control: We're trading right above the volume-weighted level where institutions have been accumulating around $165. That's your technical floor. Trend Momentum: Clean momentum shift after weeks of sideways action in the $160 to $170 range. The Earnings Timing Dilemma Here's where it gets interesting. CVX reports earnings January 30 - just two days away. That's both the opportunity and the risk. The bullish case: Energy names have been setting up for earnings beats, and this technical stack suggests smart money is already positioned for good news. The reality check: Holding through earnings is gambling, not trading. But that doesn't kill the setup - it just changes the timeline. Why This Beats the Fed Guessing Game Everyone's going to be glued to Powell's face at 2 p.m., trying to decode Fed speak. Meanwhile, CVX has something better than central bank tea leave... - Multiple timeframe squeeze alignment
- Stacked daily EMAs showing institutional flow
- Energy sector momentum building
- Clear technical levels for risk management
This checks every box in my playbook, and it doesn't need Jerome's permission to move. Your Action Plan The setup is clean, but the earnings timing creates two distinct plays... Pre-Earnings Momentum Play: January 30 $170 calls for the run into earnings. Take profits before close January 29. Risk: $165 break kills the pattern. Post-Earnings Technical Play: Wait for earnings volatility to settle, then play the technical breakout with February calls if the pattern holds. I prefer the first option. When you get this kind of multi-timeframe squeeze alignment, the momentum usually shows up before the fundamental catalyst, not after. Want to see more setups like this? I'm going live with trading legend Jon Najarian TODAY at 2 p.m. ET for our "Unusually Bullish Charts" masterclass. We're breaking down six under-the-radar technical setups that are building momentum while everyone else is distracted by the Fed circus. Jon's made over $1 billion selling companies to Wall Street giants. I turned $37K into $2.7M in four years from my home office. Two completely different approaches to the same goal. We're covering: - Six bullish charts flying under the radar
- How Wall Street legends spot opportunities vs. retail traders
- Why you don't need millions to win at this game
- How AI is changing technical analysis for both pros and home traders
CVX might be one of the six charts we dive into. Or it might not make the cut. Either way, you'll get real-time analysis from both perspectives. Join free at MTA Live - starts at 2 PM ET today The best setups happen when everyone's looking the other way. Today at 2 PM, we're showing you exactly where to loo |
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