NickCoulby
Short

XLE/SPY Ratio

XLE/SPY  
XLE/SPY  
Energy Sector isn't looking too hot on a relative basis vs. the S&P500             . After a neckline break of a head and shoulder variation, price has failed to remount and instead has formed a tight triangle biased for the downside. Hovering beneath the 23.6% fib retrace, the measured move (head to neckline) puts a price target to the 50% fib. This bearish thesis for relative price action is also supported with a falling MACD and RSI that is failing to capture the 50 line.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out