XOM

1.8.24 XOM was a little tricky today because it gapped lower on the open. If you had a small stop you would have been stopped out most likely... but the market closed the gap where they were buyers and it didn't make a new low... and once it made it slow for the day it went significantly higher to suggest that the market has a chance of making a new high. Unfortunately, I ran out of time so I will finish this video tomorrow. I ran out of time because I wanted to show how I would look at transitions in the market when it was moving higher and then it started to range. We could see this on a monthly chart... and we could have used ABCD patterns to help us etc.....