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bi40ptions

XLE wedge

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
bi40ptions  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Technical Indicators Chart Patterns
3
0
trendanalysis indicator chartpattern
Been long on XLE for a while, pretty familiar with its movement.

It's going to be breaking a big wedge soon and I'm rolling with big upside. Oil could be in a better situation but the bull case is better than the bear. XLE should easily be mid 40s.

I expect it to test $40 and fall back down
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