Going long on USOIL by using GUSH. USOIL just completed a 3 drive to a bottom pattern. We can expect a turn here. Panic selling this morning is tough to go long into but the rewards should be there. Set a stop just below $43.
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OIL i thought was going to $43, it went to $42 and reversed. I expect a move higher to $49 now to complete the 3 drive pattern.
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Im in GUSH, I think the best rewards will come with UWT.
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Sector continuing to preform out of this probable ICL. Pull back here might be a 1/2 cycle low. Then higher again.