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Fox_Technicals

$XLE: 85 May Be A Short

SPDR Select Sector Fund - Energy Select Sector (BATS:XLE)  
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BATS:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Harmonic Patterns Chart Patterns Energy Commodities
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trendanalysis harmonicpatterns chartpattern energy
XLE is seeing tremendous underperformance vs broader inflation products and growth equities and I believe that it may see lower prices soon. 85 seems to be a major point of contentious for the market and stocks like CVX, XOM and COP aren't doing bulls any favors. We'll see what this one has in store for us...
Comment:
Great move, pyp

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