KeyTrade

Short XLE (After next week's potential bounce)

Short
KeyTrade Updated   
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
XLE has broken triangle formation. Expect it to retest the bottom trendline before further down. Short it if the retest fails to go above TL.

My OB/OS indicator has reached to the previous low level. Trade the bounce intraday or 2-3 days short term. Then resume the downside, expect it to break the previous low in my indicator.

LT TP: 41
Comment:

Adjust the triangle as last week's green candle
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