USO Follow Up

The Calls came out at 103% gain, here's why...

First, as they say, "Bulls make money, bears make money, pigs get slaughtered" I think USO has potential for more upside, maybe I'm just a little too use to trading this market nimbly while we wait for a potential short squeeze, but with a gain like that and some relative negative divergences, a pullback or correction seems likely, unless we get our short squeeze and I'm starting to think whatever happened yesterday may not have been about the EU.

 USO intraday 1 min negative

 2 min negative relative divergence

5 min negative relative.

Like I said, I still think there's more room on a short squeeze, but for now I'll take the 100+%