Wednesday, January 15, 2014

USO Follow Up

This was from yesterday's USO Trade Set Up...

I was really torn yesterday on whether to open a partial (at least) USO position, but wanted to kind of see what developed over the next day and where assets are best allocated, now I'm going to be watching for any possible pullback, this move started before any EIA report this morning came out.

 USO 2 min , nice leading confirmation move so far.

3 min and the "W" bottom I was talking about yesterday.

5 min, this is confirmation unlike the market averages, 3C is moving right with price.

At the blue arrow is a small hint, a Tweezer bottom pair of candlesticks.

And the 15 min shows it has some juice behind it. I'll be setting some price alerts for a pullback.

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