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Usoil - C waves, Jim Cramer, and the the Big short

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
the_sunship Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Harmonic Patterns Chart Patterns Wave Analysis Crude Oil WTI Crude Oil Futures WTI (CL1!) XOM CVX BTU
12
2
harmonicpatterns chartpattern waveanalysis usoil cl1! xom cvx btu
Usoil may have peaked for at least a few months. Any higher than 124 and I'm wrong, but very few people are thinking we are about to embark on a C wave down. If this is true Oil will start to underperform the SPX.
Comment:
so far so good, the idea is negated above 123
snapshot
Comment:
USOIL/SPY chart, weekly candle will be important, so far looks good for bears.
snapshot
Comment:
Doubletop, reaction from here will be very important. Stops at 124.50
snapshot
Comment:
So far 123 is holding, needs to get impulsive so more sellers start to step in on bounces. we'll see.
snapshot
Comment:
looking good for bears
snapshot
Comment:
needs to break channel and get down to lower bb, then it would be more clear that the direction is changed.
snapshot

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