Things change fast, I guess this late day chart of USO I posted at 3:18 was useful
Chart of a rapid change in the 1 min 3C from yesterday afternoon
Here's yesterday's late afternoon divergence, this morning the gap up is yet to be confirmed so we may get a little pullback or consolidation shortly.
5 min USO, as far as the pullback that was signaled in red, yesterday looks to have been the extent of it.
Thus far the 5 min chart is in line or showing 5 min confirmation.
Is interest rates about to start going up?
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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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