10/21 – ETF Trading – USO, SCO

USO closed just a bit higher yesterday. We have a full, short trading position and we’re patiently waiting for continued selling to trigger our exit signal. This trade has taken longer than most.

Our exit signal is triggered when the RSI 2 for USO is less than 30.

For the inverse leveraged trade in SCO, exit the trade following the signals for USO.

All etf trades are at the market close. Please trade responsibly.

Learn more about short etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

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