Quantamental

XLE - Quick Short. Bear Call Spread

Short
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Long Term Trend Downwards.
Increase in Volume.
RSI >85
PA recent Short term push but looking for Revert to Mean Lower.
Taking 57/58 Call Credit Spread
Also 56 Put for Directional Bias Lower.

Sept 20th Exp

Good Luck - Watch your $$$ RISK
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.