quantitativetendies

XLE: Continues To Break Key Resistance Barries

Long
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
This is a continuation trade after breaking the first key resistance barrier, we have broken through a smaller one recently and there is one left. A good place to add to the position if it falls back down to the support (prior resistance) and when it breaks the next major support.
Order cancelled:
medium term momentum ended closing the trade out
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.