Oracle ($ORCL) continues to be one of the strongest charts in the market. The long-term trend remains intact, buyers continue to defend pullbacks, and the overall price action still favors higher prices.
However, there is one important issue preventing this from becoming a perfect setup.
In this video, I explain:
- Why Oracle remains one of my favorite long-term charts.
- The one major concern traders should pay attention to.
- Key support and resistance levels.
- What would confirm another leg higher.
- What would invalidate the bullish thesis.
Rather than predicting what the market will do, I focus on identifying the highest-probability scenarios based on chart structure and price action. That allows me to manage risk while remaining flexible if conditions change.
If you’re trading Oracle ($ORCL) or following the broader technology sector through $QQQ, this is a chart worth watching closely.
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