XLE Energy Sector Challenging Key Resistance

XLE (Energy Sector ETF) is currently trading just below a confluence of resistance levels (horizontal, uptrend line & downtrend line) while the intermediate-term trend remains bearish. Obviously, a break above all three resistance levels, particular the 71.65ish level, would be bullish, especially if confirmed with a bullish cross above the zero line with the PPO [...]

Apr 7, 2017 10:31am|Categories: Equity Market Analysis|Tags: |3 Comments