Friday, May 27, 2011

USO Update

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.

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