Tuesday, May 24, 2011

USO is looking more encouraging and some other charts

USO didn't pullback quite as far as hoped, but the range has shown continued 3C upside momentum.

The next trendline which was intraday support earlier, will be the next test.

Also The Tick Index is showing some changes as well for the broader market...
The last update was a downtrend in TICK, now we have an early uptrend.

There's also been some progress in 3C on the DIA, IWM and QQQ

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