AMEX:USO   UNITED STATES OIL FUND
18 2 1
Two notional paths outlined. The new "blue" path is the most aggressive, whereas the red path reflects the expanded flat I'd notated earlier for wave (iv) of I. Below my red box the blue path becomes more probable. Regardless, I'm short from higher. Price staying below 10.64 is key to new lows; signal levels haven't changed.
Let's see if we can get a drop tomorrow morning to complete red wave i
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Crude did drop overnight into the target region. Lower portion of my USO box not likely to be seen during RTH imo IF the red count is operative. Over resistance the red ii is still valid to 10.64, but the white count would be resurrected with targets in the 11s.
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