XLE - Buying the gap close
For those who missed every opportunity as afraid of chasing the price in gold , oil, labu or spx here is a fantastic opportunity : buying XLE (or for the advanced traders ERX 3x ETF)
As oil getting close to confirm the cycle low XLE just working on the close of the opening gap.
I will be adding to my positions at 68.50 in XLE . If you don't want to miss the move you can add right now 50% of the position (68.75) and add the other half at 68.50.
At ERX you can open 50% at 30.96 and the other 50% at 30.60 if we have an exact gap close.
As oil getting close to confirm the cycle low XLE just working on the close of the opening gap.
I will be adding to my positions at 68.50 in XLE . If you don't want to miss the move you can add right now 50% of the position (68.75) and add the other half at 68.50.
At ERX you can open 50% at 30.96 and the other 50% at 30.60 if we have an exact gap close.
Comment:
We entered a bit early but yesterday all who were patient for 2 days are rewarded.
We are in profit.
Yesterday's volume was gigantic. Almost the same as at the reversal at the beginning of 2016.
We are in profit.
Yesterday's volume was gigantic. Almost the same as at the reversal at the beginning of 2016.
I was loading up with ERX.