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SPDR Select Sector Fund - Energy Select Sector
Long
Updated

Energy Sector Showing Inverted Head and Shoulders

178
XLE

Scanning through the sectors I noticed something quite clear, an inverted head and shoulders with a possible retest playing out. This is supported by the laguerre rsi below. I'm expecting prices for XLE to go higher and potentially confirm a megaphone pattern.
Note
This would have been a good trade
jakelikesstocks
Also on:
Beyond Technical AnalysiscallsChart PatternsLONGmarketalphaputssectorsSPDR S&P 500 ETF (SPY) StocksTrend Analysiswatchlist

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysiscallsChart PatternsLONGmarketalphaputssectorsSPDR S&P 500 ETF (SPY) StocksTrend Analysiswatchlist
jakelikesstocks
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.