Elite Swing Trades

[SwingKing]

This is what I'm watching right now for a reentry into DWTI.

Looking for CL to bounce from the $37-$37.72 area back to the 39.80-$40.24 zone. If we get that movement there it'll be a great signal. I still expect one more final shake here from oil before I'll consider the long side.

If you're into watching USO a bounce from $9.30 to $10.30 would do about the same thing for me.

Either way I'm looking for an entry in DWTI on the next bounce we see from the black stuff. So basically we should find a bottom here before too long and the top of the next bounce is our entry IMO. If we get that $9.30-$10.30 move I'll be looking for about a 40% decline from USO of somewhere right around $6.

That'll be a great payday for DWTI and one I think the EST team should be playing.

More to follow of course but wanted to give you guys my setup and what I'm watching.