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XLE - ENERGY SELECT SECTOR SHORT SETUP

Short
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
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AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
XLE
2
0
xle
The price is now in a strong resistance area, the previous neckline in H&S pattern. Pay attention to the price action for shorting opportunities. Possible target a confluence area around 61$ level. Risk reward ratio 3,5.
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