Bearish Rising Wedge-Sign up for a VIP trial & get price targets

Short

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

Updated

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

Chart Patterns

chartpattern

Look for further move lower for $XLE with this bearish rising wedge.

Trade active:

$XLE is testing its 50 day moving average. Could find resistance and push lower. Big battle as it is above its 200 day ma but, it is sloping negatively.

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