Chart looks 90% identical to the Dow jones .
Both are sitting right on Weekly support of its 50sma .
XLE bounced off its daily 200sma (Gold wave) , I think we will bounce and retest our 50sma (Purple wave)..
Stop loss is a close below 81
Both are sitting right on Weekly support of its 50sma .
XLE bounced off its daily 200sma (Gold wave) , I think we will bounce and retest our 50sma (Purple wave)..
Stop loss is a close below 81
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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.