SPDR Select Sector Fund - Energy Select SectorArca
Description
⋅
This S&P Energy sector has been bruised in 23 June since the initial let of mid-term downtrend channel The upper channel (resistance) was tested thrice but didn't break through. At the end of last Friday's close, the lower support channel was tested thrice too! I foresee it's gonna be a pretty strong support level as complement by the horizontal support zone. The possible target of this rally is around 96 But i need to see bullish and multiple support in lower time frame to trigger my long