People say stock market leading economy 6month. While, it can not even prepare for bad ER for one week eariler!!!
Bad ER is obvious, why Dec. keep up for no reason? But volume keep on the low side. Where is the money???
Anyway, SPY 95-86, 10% down. XLF from 12.74-10.7, 20% down. All this can be anticipated, but your action is strange. Trying to counter trend USO. Isn't that a wishful thinking? Yes. But the operation wise, it is ok.
Now, SPY' support is 85.5, 84 & 82. Close look on these level, 85.5, 84 can be used for DT. 82 can be used for swing.
Look volume, STO, RSI, confirming each other.
For USO, it should drop below 30, 28 may have a bounce.
For XLF, close look at 10.00, if break, then go to 9. 10 for DT, 9 for Swing.
For UYM, 12-12.5 is support, DT purpose, break 12, then 10, then 8. 10 for swing, 8 for swing.
No short now. Wait for oversold and buy on support for rebound.
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