Usoil - C waves, Jim Cramer, and the the Big short

Usoil may have peaked for at least a few months. Any higher than 124 and I'm wrong, but very few people are thinking we are about to embark on a C wave down. If this is true Oil will start to underperform the SPX.

Komen:

so far so good, the idea is negated above 123

Komen:

USOIL/SPY chart, weekly candle will be important, so far looks good for bears.

Komen:

Doubletop, reaction from here will be very important. Stops at 124.50

Komen:

So far 123 is holding, needs to get impulsive so more sellers start to step in on bounces. we'll see.

Komen:

looking good for bears

Komen:

needs to break channel and get down to lower bb, then it would be more clear that the direction is changed.