ERY Chart Request

Remember the USO chart post and the Euro post as both have an influence on ERY which is not a crude short, but an Energy short or leveraged inverse ETF.

 ERY 1 min shows accumulation yesterday and yesterday was another day we saw that same divergence between the Euro and USO. It sent ERY higher today.

 The 2 min has a fairly decent base carved out and is in a leading positive divergence

 The 5 min hart even more so with a long leading positive divergence, this would imply a base big enough to support a sizable move in ERY to the upside.

 ERY 15 min also shows a good base and leading positive divergence

And the hourly was leading positive over the last week, it would seem the base is intact and ready to start moving up. We may see volatility in the EUR over the next two days, but ERY looks to have a strong enough base to weather any negative volatility.