USO to fall, Buying SCO
My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and at top of Bollinger Band
Buying
SCO at $16.30. Target $18.
Shorting
USO at $77.08. Target $73.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and at top of Bollinger Band
Buying
SCO at $16.30. Target $18.Shorting
USO at $77.08. Target $73. 
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