USO Update...

USO s proceeding as I expected it would.

 The 1 min chart which was in confirmation at the last post has switched to a leading negative stance as USO approaches the gap.

 It has started to bleed through to the 2 min chart which is putting in the start of a negative divergence.

And the 5 min chart, never moved to confirmation and is even starting to see bleed through.

Watch the 5 min 10-bar moving average.

This is one possible entry on a break below.