At 1:43 yesterday I put out a short term trade, short USO. From the entry area, it dipped ad then gained about 2/10ths of a percent. This trade was based on a long nearly 3-day 1 min divergence. This morning it certainly is paying off, especially if you used a leveraged vehicle as suggested.
Where the post came out.
Here's the current situation
The downtrend is confirmed, but we have a 2.67% gain on the short in USO alone, if you used a leveraged vehicle like SCO you should have about a 5% gain.
You might consider taking some profits off the table if you were taking the short term trade.
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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