USO

So far the USO break below the triangle looks confirmed by 3C, BUT, it also JUST broke below that support area we talked about. "If" there was going to be short term accumulation to run the other side of a Crazy Ivan shakeout, the stops that were hit on the move below support would be the supply needed to accumulate to run USO back the other way. I'm talking about short term tactics, I still feel the larger picture is USO moves down, but for options and adding to the position, short term tactics are important.

Here's the volume as support was broken-AGAIN, this is how predictable traders are, put their stops right at support, what market maker/specialist wouldn't hit that stop, it's free money in many ways incl. volume rebates.

This is why we NEVER put stops at obvious places and try to avoid placing them with our brokers in advance as Wall Street can see them, why not play poker and just show them your hand?