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colonelkink

Look for XLE breakout of cup and handle; bullish continuation

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
colonelkink  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis xlelong cupandhandlepattern
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trendanalysis xlelong cupandhandlepattern
In previous research on bullish WTI I overlaid XLE and observed that there is a cup and handle. Cup and handle or ascending triangle or whatever pattern price zigzag combined with rising WTI says XLE is a bullish continuation.

Keep a close eye as that continuation pattern is now pushing against resistance.

Related Ideas

colonelkink
XLE-WTI correlation; cue to XLE Cup and Handle 2-year breakout
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