Or maybe some action in to the close...
The USO position from yesterday...
There's a nice 1 day 30+% gain, here's why I'm closing it as I don't have a lot of patience for pullbacks or corrections in options...
The SPY 5 min chart I showed earlier thinking we'd get some intraday lift is still putting in an intraday positive divergence, this suggests some gap filling to the upside, perhaps Monday, maybe in to the close?
On the same timeframe the $USD has an intraday negative suggesting it pullback, which would hurt the USO Put.
On the same timeframe, the Euro is confirming the above charts with an intraday positive divergence.
Now, I still haven't changed my mind about a larger pullback, this is an example of why...
SPY 15 min leading negative divergence.
So it looks like in the very near term we'll see more of that chop on a short lasting move up, longer term charts still say pullback, but why give up a 1 day 30+% gain?
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