Thursday, April 9, 2015

Quick USO Update

I didn't forget about USO or miss the entry I am looking for, we haven't really seen that great of a move intraday yet and still have a nice intraday positive divegrence still suggesting we get something closer to a gap fill...

USO's negative divergence as posted this Tuesday and yesterday's 5+% gap down. Today as suspected yesterday and last night, we have a decent intraday positive divergence suggesting something along the lines of a gap fill, certainly more than what we have seen intraday so far.

I'll continue to monitor USO for either a long sale or short entry on a swing basis (or both).

No comments: