Crude Oil Trade Update and S&P Sector ETF Pullbacks

In today's video, we will review our recent trade setup in USO / Crude Oil Futures, along with find new pullback opportunities in key sector ETFs.

Here is the initial Crude Oil setup video, from April 26, 2021:
https://youtu.be/-vAD72K948Q

From our entry, USO hit our first target (+4% gain), and we now have a break even stop, looking to see if we can tag the $60 price point, with the squeeze serving as our launching pad.

After reviewing USO, we'll switch gears, taking a look at some key S&P 500 Sector ETFs that re offering pullback opportunities. Given that the SPY is hovering near its 1.618% Fibonacci extension, our focus will be towards defensive ETFs.

XLU, XLV and XLP are examples of such ETFs, offering us entry opportunities at more attractive zones. The final step is to wait for an Edge Signal to confirm that we are officially in oversold territory, and moving away from it.

Here are all the links mentioned in the video:

➜ Market Pulse:
https://tosindicators.com/indicators/market-pulse

➜ Edge Signals (Free for Volatility Box Members):
https://www.tosindicators.com/members-only-indicators

➜ Slingshot Squeeze (Free for Volatility Box Members):
https://www.tosindicators.com/squeeze-course

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⏱️ Here are video timestamps that might come in handy:

0:00 - Introduction
1:01 - USO Trade Update
2:09 - S&P Sector Fund Pullback Opportunities
6:57 - Conclusion

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✅ Download the Futures Volatility Box here:
https://www.tosindicators.com/volatility-box

✅ Download the Stock Volatility Box here:
https://www.volatilitybox.com/product/volatility-box-stock-early-invite/

✅ Watch the new Triple Pro Squeeze course here:
https://www.tosindicators.com/squeeze-course
#ETFs #SwingTrading #ThinkOrSwim

Видео Crude Oil Trade Update and S&P Sector ETF Pullbacks канала TOS Indicators