Daniel.B
Short

Technical Short XLE

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
106 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
2 years ago
Interesting trade B! :)
+1 Reply
Daniel.B johan.gradin
2 years ago
Thanks man! Appreciate it! =D
Reply
Killy_Mel
2 years ago
all to go down with oil in this ETF=)
+1 Reply
Daniel.B Killy_Mel
2 years ago
Indeed! haha =D
Reply
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