Daniel.B
Short

Technical Short XLE

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
104 4 3
Entered this short yesterday. Well the reason for this short is explained on a Daily chart that I will post in the body of this post...Also, price has remained below the 9MA on the Weekly Chart. Holding the trade until target is reached around the support area, cancelling the trade at a loss if price breaks above 70 / 71 .

snapshot

Good luck and cheers!
johan.gradin
a year ago
Interesting trade B! :)
+1 Reply
Daniel.B johan.gradin
a year ago
Thanks man! Appreciate it! =D
Reply
Killy_Mel
a year ago
all to go down with oil in this ETF=)
+1 Reply
Daniel.B Killy_Mel
a year ago
Indeed! haha =D
Reply
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