I went long GUSH Yesterday based on this USOIL chart. After reaching the 61.8% retracement OIL reversed. I exited my short trade and entered long. I don't know if this is a short bounce or a strong run. I'll be watching. I expect to get a 50% move off this high.
Trade closed: stop reached:
GUSH hit stop today. I was hoping for more of a bounce. Should be setting up for a DRIP trade soon.
