As the F_O_M_C minutes read (at least what I've seen), that would suggest that macro economic data is going to have a lot more pull moving forward, the F_E_D just went from a time/date to a quantitative analysis method or at least that's what they'll be trying to do.
This means the market is likely going to try to front run the F_E_D again, if macro-economic data is the yard stick, then tomorrows Non-Farm Payrolls will be the first big event of this new outlook. I would say be patient, we'll get some ideas up tonight and how to play them.
USO really looks like it wants to correct to the upside despite the recent troubles, it's having more today, but I would still urge patience, I think there's still an opportunity there, in fact I think a whole new range of opportunities is about to open up.
USO charts...
USO 60 min went negative fast and hard in a small space, it has a relatively large positive divergence looking like it really wants to correct to the upside.
Intraday 2 min is negative probably on some dollar strength
3 min is as well
5 min is in line so this may very well offer a pullback in which there's less risk on a long position.
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