AMEX:USO   UNITED STATES OIL FUND
27 2 2
Yesterday I took partial profits on short entries from near the recent top in high 10s. I plan to reload shorts in wave (ii) target region. Wouldn't be surprised to see my Parabolic SAR tripped, only to have price turn down again below the new signal line for lower at 8.95. Ultimate targets remain sub-7.
Just posted this on the 1hr idea. Might fit better here...
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Minimum target for wave b of (ii) is hit. Can extend further into target (can even technically make a new low in an expanded flat). Strong move below signal line would indicate that wave (ii) completed at wave a.
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