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Energy Select Sector SPDR Fund

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XLE - Energy sector SPDR S/R levelsHello traders, Description of the analysis: Everyone sees an opportunity in the oil market. Personally, I would not invest in this commodity. There is a surplus of oil, there is no place to store it and no one wants it. It can't stop mining. But investing in the entire XLE energy sector could be interesting. Here are the main S/R zones where the price could react. Everyone makes their own point of view. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:XLELong
by Jacob_Kovarik
Loading up on more call options todayOkay so we gapped down last night. Obviously Energy sectors are in panic mode. Do you guys really think it will stay here forever??? Hell no.. AS of now we still havent even broken the trend line up even with the gap down. Thinking maybe a short term Put option, but going to be loading up on long term calls here, only going to be cheaper than they were yesterday! We've got a decent support between 31-30. Still playing this long over the next few months. Short maybe this week. September and later Call options are DIRT Cheap...
AMEX:XLELong
by WDERUVE
3
XLE to long, from 28 to 33Existing Condition: 1. Downtrend line was broken by breakaway Gap (G1). Start a new trend. 2. Gap Up above SMA50 3. double bottom reversal pattern confirmed Weekly demand zone in 11/28/2003; 4. 0.5 retracement, 5. Demand Zone, 6. price droped below 27.1, and back to above 27.8 (above SMA8) Entry above (SMA8) 27.7 and below 28.5 Stop below (SMA8) 27.5 Target 33.5 Risk/reward=1:6 According to my yesterday' XLE analysis, I created this plan; This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
AMEX:XLELong
by PlanTradePlanMM
1
XLE XLE made a low of $22.89 on March 18, 2020, which is the lowest it has been since 2002. We saw higher highs and higher lows while trading below some previous support around the $26.90-$27.00 has tested the $26.80 numerous times and failed to break the previous support range. The recent gap up and test of the $26.80s again has proven that the XLE has some legs in the short term while respecting and bouncing off intraday lows. A break-through of the previous support ($26.90-$27.00) will prove to be vital to the strength of XLE moving forward. Given the economic conditions, oil is poised for some rebound given demand and the recent activities within the space, and a breakthrough has potential based on the chart.
AMEX:XLELong
by Zaee9
XLE - weekly charts - mild consolidation before further failureLet us again look out on how XLE is shaping up (previous analysis attached for your reference) Price moving just as expected, as evident in the charts, we had support on $ 53.36 levels , which was 24th Dec 2019 low. Price closed at about this level over the last few weeks but during the week, this level was breached. Minor cycle low formed 27th Jan 2020, 2 weeks later than we expected. As we move ahead, the next minor cycle and the major cycle will be moving upwards and the intermediate cycle will start to curve downwards. Following Hurst's principle of summation, we could expect the price to try and move higher over the next weeks. So far price has been making lower highs and much lower lows, indicating downtrend. Expect a failure on any attempt tp move upwards and intermediate cycle bottom around end of March 2020. Larger trouble remains ahead near Aug 2020 end as we would be seeing a bottom of all 3 cycles together. Keep an eye on how these charts develop to maximize opportunities of gain. If you like what you see, share a thumbs up and follow for more updates Cheers
AMEX:XLEShort
by LoveForCharts
XLE - Short - pain continuationHi everyone, today I am reviewing. the energy index XLE on the weekly time frame. XLE seems to be following a 44 week cycle. XLE made a triple top formation from beginning of 2018 till about 2018 November ever since then it has got into a declining phase, consistently making lower highs and even lower lows. Price has recently breached the previous lows made in the end of Dec 2019, its probably confirmed my projections for a sustained downtrend. We can see that the downward trend line that we have drawn is now acting as a resistance of a barrier for price to breach. We can see the nuances of principles of summation as descibed by the legendary JM Hursts works in play. This we can be by price action, given the phases in which each of the short term, intermediate and long term cycle (indicated by green, orange and yellow colours). I maintain my short position on this ETF any upside a chance to go short. Look out for important resistance zones on daily charts to find an entry to go short. If you like what you see, please share thumbs up.
AMEX:XLEShort
by LoveForCharts