MrMiyagi wrote:Anyone have any quick thoughts on Oil and/or USO?
Relative to SPY, USO is underbought. By default, it moves with SPY. I've been looking for a mini-rally but it hasn't come. Long-term, I'm bearish on oil whether or not US gets regime change
well, guess that's it for today. Members should have already seen conclusion, so no blah blah here. thank you guys, I'll see you tomorrow.
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Thanks for adding the update Cobra, very helpful in keeping up with the plan
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MrMiyagi wrote:Anyone have any quick thoughts on Oil and/or USO?
Bear flags everywhere says one more day of down at least...whether oil follows...?? but it does look like a descending triangle at the moment or pendant (continuation)...
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