The
Q's made a double bottom today right around the same time the
DJIA broke 8k.
A hint that the second test of the lows was going to hold was the momentum divergence coinciding with a
bullish harami candlestick formation on the 5-min chart.
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The squeeze was on when price recovered previous day support. The 15-min chart has also experienced (at end of day) a near crossover (and retracement) of the 20- & 50-EMA.
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The Q's on the daily chart show a break-down of the trend with a snap-back to the trend line (on higher volume). We're looking for either a reclamation of the trend-line or continuation to the downside.
AAPL was a dummy long after gapping down at the open (below the previous day's low), consolidating sideways before starting to make a move for a 50% retracemtent.
USO fell apart after it's all-morning-long sideways consolidation. After it's first strong candle down a bearish flag formed before continuing to new lows (and a fibonacci extension).
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