SPDR Select Sector Fund - Energy Select SectorSPDR Select Sector Fund - Energy Select SectorSPDR Select Sector Fund - Energy Select Sector

SPDR Select Sector Fund - Energy Select Sector

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SPDR Select Sector Fund - Energy Select Sector forum


XLE Breaking out with strong volume.
A good opportunity to test my new trend confirmation script
Snapshot

Energy has under performed this year. With the tensions on middle east, there is a bullish case for energy this year. It could reach as high as 99 before the end of this year.

possible distribution on the monthly chart

XLE Bear Flag on the weekly chart, Close on a weekly basis first target is the horizontal line.
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XLE Within range!
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XLE Trend line fake out, best moves come from failed moves.
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XLE weakness on Short term time frame XLE XOM COP
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XLE ...so where is this going?

A Breakdown under 82 seems like it would have a LOT of room to go down to ~70
Snapshot