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mxb1961

XLE could see a pullback through Sept-Oct

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
mxb1961  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Chart Patterns XLE renko
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trendanalysis chartpattern xle renko
XLE could see a pullback through Sept-Oct but looks like limited upside before further drop. key resistance looks to be in 40-42.50 area. Resistance at this level and further downside later in year.

The 100 tick renko looks like price does have upside potential in short term.
snapshot
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