USO is going our way, but much more importantly, it is the same pattern that is unfolding across the major stock indices. Let's start with USO's chart, followed by IWM. SPY and QQQ. Note the similarities and what that portends for the next two to three weeks. USO Daily IWM Daily SPY Daily QQQ Daily Mastering this one pattern has been the key to so many of our massive gains over the past few years its time we acknowledge that there is something very special about identifying and jumping on this pattern, no mater what the symbol, no matter what the time frame and no matter what the direction. This time, they are all to the downside and that is where we will be setting our sites in the days ahead. Stand-by for breakdowns. Best bets, pre-breakdown: IWM May 16th Puts IWM Jun 20th Puts One last set-up to keep an eye on: TLT Daily Would suggest much higher interest rates ahead...and explain the downside stock implications.
