USO update

Well that last USO update pretty much hit the bottom of the morning decline, it's been up since. I have 5 of 6,  1/5 minute 3C charts in a leading upside divergence, so I'd expect we aren't done with this run up, but like I said, it can reverse quickly, so watch for consolidation areas.

SPY broke out of the range as I warned it might and formed an ascending wedge, now that it's moving 3C will be clearer. There's still not a lot of clarity as I like to confirm at least several timeframes and 3-4 averages. The SPY itself looks like is putting in a negative divergence. The ascending wedge is so small I don't know if the MM's will run it as it doesn't jump off the chart, it's not obvious to all.