Here are 6 reasons why it appears the energy stocks (via XES in this example) are still headed lower in the coming weeks. I remain longer-term bullish but near & intermediate-term bearish on the energy sector at this time including crude oil, XLE, XOP & XES.
XES daily June 13th
This chart is also a good example of the reason that I prefer to cover certain technical developments in video format, as there can be so many significant technical developments in a single chart that trying to cover them all via annotations on a static chart (screenshot) often renders the chart looking more like a Christmas tree.