Usoil - C waves, Jim Cramer, and the the Big short
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Usoil may have peaked for at least a few months. Any higher than 124 and I'm wrong, but very few people are thinking we are about to embark on a C wave down. If this is true Oil will start to underperform the SPX.
ノート
so far so good, the idea is negated above 123 ノート
USOIL/SPY chart, weekly candle will be important, so far looks good for bears. ノート
Doubletop, reaction from here will be very important. Stops at 124.50 ノート
So far 123 is holding, needs to get impulsive so more sellers start to step in on bounces. we'll see. ノート
looking good for bears ノート
needs to break channel and get down to lower bb, then it would be more clear that the direction is changed. 
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