The Market Vectors Agribusiness ETF (MOO) has spent the past 2 1/2 months carving out a base-like formation in the aftermath of a multi-month decline.

The US Oil Trust ETF (USO) has plunged over 6% from its early morning rally peak, which is not a surprise from a volatility perspective, but it is a surprise if you thought that a more bullish pattern was under development.

Mike Paulenoff would not be surprised to see the USO attempt to fill its gap.

Normally, a coil at the top of a potent upmove should be considered bullish, and should resolve to the upside.

The SPDR Gold Shares (GLD) is attempting to thrust out of a two-day bull flag type of formation, which represents the digestion period in the aftermath of yesterday's potent upmove from Friday's low.

The SPDR Select Homebuilders ETF (XHB) has gone red after hitting a first-hour high.

Oil is closing in on $40.00, and perhaps on the way to $37.50 amidst an increasingly acute oversold condition.

The pullback into yesterday's low has been reversed this morning, in a powerful surge that is nearing a retest of the November 26 high.

Mike Paulenoff writes that the 2-week General Electric (GE) pattern resembles an inverted Head and Shoulders base.

The QQQQ is pressing towards a 50% giveback of the prior 5-session upmove.  What's next?