SPDR Select Sector Fund - Energy Select SectorArca
Description
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Whenever the price of XLE and SPX diverge, we seem to get a massive crash.
XLE creeps higher, but SPX makes new lows. Historically, what tends to happen next is that SPX falls off a cliff, as was the case in the 2000 and 2008 bear markets.
Today in 2022, XLE was creeping higher as SPX was making new lows. What happens next?
interesting relationship you illustrate so clearly, thank you. I see a lower high aug'22 though, compared to may '22 high. looks like could be cooling off a bit along with this selloff in spy, at least going sideways for past 3 months.