LaTroy82

Will we have a breakout or another leg down in energy $SPN

SP:SPN   S&P 500 Energy
Here we will take a look at the energy index. #SPN has been working in a correction since May 2008. It set its high back in June 2014. Since then, the stock has been trading within the price channel until its recent low was set in on March 16, 2020 and has been responding in an impulsive manner. If we can get above this current area, first price target and area of importance will be $522.40. Will update as time progress.

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