$SCO 5 day chart couldn't get it up after lunch. It petered out. 😃 Monthly still lookin good. I'm staying for the big $$$ next week. GL to me, and all of you.
@sifter You realize that oil price really couldn't give a flying f*** about charts ad technical analysis right? As today showed, it's main catalyst is the news cycle.
@jbhoy19 @sifter It helps if you know what you're trading and which chart to look at. Monthly MACD and Stoch on oil tell a different story. These indicators don't have any meaning on an asset like $SCO. It's a leveraged ETF whose investment model has changed over time. It's not a stock or currency. Regular TA doesn't work on this. Only the underlying asset.