SPDR Select Sector Fund - Energy Select SectorArca
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I know it looks like never want to break to the upside.... But at the end of a day it will. I see a head & shoulders pattern under construction. I have corrected the trendline : on the 18th of May we had a trendline back test. Our key level is: 68.88$ . Once we slice through that level we will be sitting on one of the biggest bull train of this year. Patience. Our day is coming.
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We have a daily swing in XLE. Even if we are heading lower a few days of bounce is coming.
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I'm going to update XLE/ERX today.
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Swing. Woohooo!
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Weekly chart key reversal on huge volume in XLE.
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lord_kinbote
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Arpi, any updated viewpoint? Assumed we might see a HCL, but correction seems a bit overdone to be a HCL. Thanks in advance.
lord_kinbote
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Finally boys. Been holding this XLE sept calls for a bit (not fund riding her down). In profit now! @chartwatchers
@lord_kinbote, I've got some Sept 77 calls i've been holding. Fingers crossed! I'm still down.
lord_kinbote
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@nish.h.patel, GL. I avg'd down yesterday, so that helped a lot. Today was a nice swing and yesterday BOW report showed 180+ million inflows into XLE.
avanspro
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What does the expression Waiting for Godot mean?
It is about two men, Vladimir and Estragon, who are waiting for a third, Godot, to arrive. Very little happens, and during their long wait the men talk about their lives. Godot never comes, and the play suggests that life has no meaning and is full of suffering.
chartwatchers
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@avanspro, This Godot will come. It's a new 21th century version.