SPDR Select Sector Fund - Energy Select SectorArca
Description
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I reckon a lot of players hates this sector including the Sheikhs the broken uptrend channel support speaks for itself. There is another layer of support IMHO at around 70. And i am skew to SUSPECT that by 31 Dec, price will somehow find its way back into the support thereby making the "Wick/lower shadow" in Dec monthly candle. No promise.
As per my post on "Wave 5 brewing for XLE", my short entry was triggered at 88.06 and i have thus fully exited at 75.45.