jangseohee
Long

XLE, bullish divergence?

AMEX:XLE   ENERGY SELECT SECTOR SPDR FUND
56 0 2
1 month ago, i warned that if price failed to regain above ~88.70 it might mean a potential wave 5. And indeed it happened with a gap down passing by the bear flag and previous support of 82.05.
My short entry triggered at 88.06 and i exited fully at 75.45.
Once that little black gap is filled, i humbly tell myself that the OPEC created wave 5 is completed, plus the bullish divergence in MACD & RSI .
Two days before the black gap, there is a