okhalloo

channel hold or break?

Long
okhalloo Updated   
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
7
market pretend to be risk off but actually i think will hold support trend line and break resistances(red line) above, breaking support (green line) considered to be EM sell off
Comment:
oil stock price and EM stock price are in totally inverse correlation which have seen before in last 10 years, normally they correlated, and i think the divergence will continue.
Comment:
*haven't

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