Update

Ok, another inventory report, just like last week and oil is up-the only thing that makes sense is the positive 1 hour divergence and the flop in the dollar, it seems they are controlling this trade despite anything happening in the market.

3C is not showing any consistency with short term signals because USO is in a triangle and indicators enter the Bermuda triangle in consolidation zones typically.

Here's the pattern

This is typically considered a continuation pattern so the expectation is for a breakout to the upside, again, it's an obvious pattern on the chart which gives Wall Street an incentive to fool around with it being they know everyone in the trade is watching it and being that the pattern is expected to breakout to the upside. So watch for a false breakout, I'd guess if it occurred below the triangle that would be good news, above the triangle, bad news, unless they don't manipulate it at all. So basically I think I'm not giving you any helpful information with regard to direction, however the fact that it is up on that report may say something itself-bullish.

The market responded well to yesterday's late day 3C positive divergence, better then anticipated. As I said last night concerning the oil trade, they pulled a "Crazy Ivan" and Wall Street is getting much more aggressive. The only way to handle this is with risk management which means wider stops and fewer shares, it's all in the risk management article linked on the site.

The market itself seems to be acting as if it is consolidating and considering the gain, it is entitled to that. The market has broken out ABOVE the bear flag, this is exactly the type of thing I was looking for when I talked about a malicious bounce and the Judo concept because a bear flag implies the market will breakout to the downside and many traders will have gotten in early on the short side anticipating that breakdown a new lows. This is the Judo concept and a prime example of it. When we see distribution (and you may want to consider starting to take profits because this only needs to last a day to achieve their goals with this kind of a gain) then we will be out of all bounce longs and moving into inverse ETFS (Broad market exposure is a good one to have, like a 2-3x leveraged long inverse ETF-effectively short the market) and the shorts listed plus others I will add. For the best risk/reward set ups and the best probability trades, we want to catch those trades as the market makes its highs , that's when we have the upper hand. So how long this lasts will be the key question, for their purposes as shorts will most likely already have been squeezed out and longs have entered, they could reverse it today.

Study the events of today and this week, you will have more insight into how the market really works then if you had read 100 books. This is the real deal, the corruption, the false moves, the leaked reports, manipulating trades and the market and most of all, using conventional technical analysis as practiced by 99% of technical traders, against those traders. That is in a nutshell, the Judo Concept and why technical analysis as most have come to understand it not only does not work, but it puts you in a position of being manipulated-it works against you. It didn't take Wall Street long to figure out the game once technical analysis went from hokey-pokey voodoo to mainstream analysis for average traders and investors. THIS IS WHAT I WANT TO BRING YOU AT WOWS, not to give you a fish, but to show you how to catch them. I hope I'm doing an adequate job in illustrating all of this. If not let me know because this is where you really get your money's worth.