High watch for Monday!
$US Energy (USEG.US)$ Friday continued the overall unptrend with a massive daily volume spike. Over the last 90 days, the average daily volume was about 57.5K! Fridays volume spiked at over 1.4 Million! The daily chart is bullish but the that last candle is the least bullish! IMO it’s because the monster increase in volume took place before 1PM est! This actually pushed the price up about 25%+! Then just like the rest of the overall market, it slowly bled off gains the rest of the afternoon! But still finished green! The daily still closed above 199MA! NFA Just thinking outloud ![]()
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