QQQ 15m  ...  sort of a Falling wedge with divergence at the low .... looking for a dead cat bounce 

Yes ... here's the link to the blog post   https://stockcharts.com/articles/chartwatchers/2018/12/the-yield-curve-and-the-business-cycle.html 

And here's the chart link https://stockcharts.com/h-sc/ui?s=%24SPX&p=M&b=2&g=0&i=p66352512830&a=635978547&r=1544887804766

Agree .... got this chart from a Stockcharts blog post ... I really like it ... and it does head that way from what we can see on the lower part.  I still don't understand why Trump kept bragging about the market ... presidents have little influence in the grand scheme of things when you look at it  .... but the FED does ...  so why bragging about something you don't control much ... mind you he'll probably blame the Fed comes next election  ;)  ...  anyway ... The fed spiked up this last bull run and kept it going for a long time by juicing up the punch bowl   ... and they will most likely be the one who will stop it ... 

APRN : Talking about an EPIC fail of an IPO ....  all time high on IPO day and it's all downhill from there ....  

$TNX Daily/Weekly/Monthly

USO 2hrs : Here's what I'm looking for ... might even re-add some SCO on this ... this is forming a small bearish consolidation before another flush down that could potentially setup a MACD divergence on the 2hrs time frame (See blue line with arrow) 

That went well .....  

MU ... nice recovery from the lows ...   flagging on the 10m time frame ...  bouncing off weekly support ...  and hitting a daily resistance now 

FDX 10m  ... nice little falling wedge ... 

USO 2hrs / 30m  : That 30min divergence yesterday played out ... glad I got more off the table ...  still my last quarter of SCO for now .... 

TRIP

IBM ... nice bear pennant developing ....  "Watson, do you think IBM could be a nice short?" 

SLB Monthly ... I should look more often at Monthly charts ... this one was telegraphed the move down perfectly ....  almost have the look of a complex H&S 

$WTIC - Crude Oil Weekly ... pretty much back down to 61.8% fib ...  and approaching next major support in the low 40's  

MU ... getting hit on earnings .... down 5%  ... 

USO ...  Thanks for the comments guys! But eh... I had my fair share of frying pan on the forehead recently like everyone else ...  which is why I said the "easier in awhile" ...  lol ... 

the divergence on the 30min suggest this could be overextend a bit ... so I'm taking more off the table ... 1/4 of my position is left now 

USO 2hrs ... Today's collapse is presented to you by Russia ...  in this difficult market, this one was one of the easier one I had in a awhile ... clean pattern and decisive breakdown ...  Crude could easily end up in low 40's now ....  I don't think oil has to rally  ... but if oil doesn't stabilise and stop tanking  ... I strongly doubt we'll get anything on the market that stick

USO 2hrs ... taking profit on half of my  SCO ... greed kills ... especially in this environment ... so i'll take some off the table      ...  but one thing i find with commodities especially  .... is they can trend longer than we expect ...  and more so overshoot quite a bite  ....  

it actually would have been a nice trade yesterday ... lol ...  AI taking over BPT ?