I like what I'm seeing in USO
USO stops hit this morning
The bigger picture, the 30 min chart leading negative at the breakout area, the same theme seen market wide over and over whether in 3C, breadth indicators, Risk Assets, etc.
1 min intraday looks like USO will be making another leg down soon.
2 min in line, trend confirmation
3 min in leading negative position as 3C makes new lows
The bigger picture on the 15 min chart as well, the same theme seen in breadth readings as resistance was broken and indicators fell apart after.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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