USO oil ETF is on the yearly S1 pivot(purple line) and the yearly Camarilla yearly L4 pivot point(light blue line). Will these hold or does it need to go down to Demarks DML pivot at $25.35? Demarks high pivot(DMH) was the high this year.
XLE has gone from a high this year at yearly H3 pivot point to the yearly L3 pivot point an d the 1000 day. I'm watching $61 for a double bottom and bounce.
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1) Protect your capital 2) see rule #1 3) don't trade what you think, just trade what the charts say 4) use stops on all orders 5) never let a winner turn into a loser 6) never buy R2 7) never short S2 8) 3 losing trades in a row= strike 3.......shut down the computer for the day. Something is wrong in my head!
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