TGC_Trade

$XOP channel breakdown - March 16, 2021

Short
AMEX:XOP   SPDR S&P Oil & Gas Explor & Product
$XOP broke below the bullish channel today with a gap down. I'm expecting this to continue downward. The ideal entry is on the retracement. I see this going down more over the coming weeks.
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.