USO update

Here is the back link to the larger model.  USO has fallen more than modeled there but it should be no surprise when wave 5 falls below wave 3.  That was supposed to be a rough directional indicator only.

In any case, I don't think a bottom is quite in yet as you can see from the updated and more detailed model below.  The top of this wave was an e of 4 throwover.  It looks like the bottom could be around $18 if 5 ends up the same as black 1.  The subsequent bounce should be to the $40 level.  Russia will benefit from this coming bounce so be sure to think about buying RUSL on the significant dip.  Don't buy the peak!  Never chase IMO especially if you are leveraged in any way.