USO Update-

USO's breakout is still not getting underlying support, lading me to believe it will fail. I've started a small position in SCO- a leveraged inverse ETF- I figure with the stop so close, what can it hurt.

 Breakout from the bull flag, I thought this scenario might develop to send USO bak to the bottom of the flag range to accumulate for a real breakout.

 Here's the breakout's 2-day resistance level

 All of the following charts are in a negative divergence- 1 mn.

 10 min

 15 min

 30 min

and even a small 60 min negative divergence.

I just don't see how USO can make a move of this with no underlying support.