3/19/2018 Daily comment: "As an aside, USO held up remarkably well considering." And those who took note of that - along with USO maintaining above all pivots including weekly and daily - were handsomely rewarded today.

And yet it may be a partial quick out as "resistance matters" and there was noticeable selling at the 2/26 close and price high resistance zone shown in red lines in the USO chart below.

In other markets a quiet day without much change in pivot status. NYA tried to recovery its MP but failed, and while anything can happen on FOMC day I give edge to bears.

SPY, NYA and USO below.