4xForecaster

Predictive Analysis/Forecast | #XLE #SPDR #AMEX

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
111 1 1
Bullish-to-Neutral

Awaiting Great White signal
Awaiting bearish market reversal confirmation

TG-High = 93.08 - 02 FEB 2014
TG-Low = 42.77 - 02 FEB 2014

Geo             impact = Nodal core

4xQuad
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
25 MAY 2014 - Chart update:

I decided to give as much time as possible for the chart to unwind, but as of this 5th week (5 candles) following a dead-on hit (see chart below), price as only moves closed to the target.

snapshot


Indeed, this past February 02nd, I offered a bold forecast whereby price would not only hit the target it just did @ 93.08, but that it would probably reverse in quite a drastic way, so much so that I defined an abysmal lower target at 42.77 released on the same day of the primary target which just got hit.

I would look for continued resistance, and probably a decline followed by a retest of the target level if price was to indeed roll over towards the lower target. Being a weekly chart, I will keep an eye out for this target, but not until mid-summer.

Cheers,

David Alcindor
Predictive Analysis & Forecasting
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