I didn't forget about USO or miss the entry I am looking for, we haven't really seen that great of a move intraday yet and still have a nice intraday positive divegrence still suggesting we get something closer to a gap fill...
USO's negative divergence as posted this Tuesday and yesterday's 5+% gap down. Today as suspected yesterday and last night, we have a decent intraday positive divergence suggesting something along the lines of a gap fill, certainly more than what we have seen intraday so far.
I'll continue to monitor USO for either a long sale or short entry on a swing basis (or both).
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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