Yes, XLF put in a divergent high on the daily & weekly charts on the July 31st high, followed by a sell signal that came on a breakdown below the minor uptrend line off the June lows on the daily chart as well as a breakdown below the more significant uptrend line off the Oct ’23 lows on the weekly chart, with XLF currently backtesting that TL from below, thereby providing an objective short entry.

Yes, I think a decent case can be made based on the longer-term charts (which I’ve covered in several videos over the past month or so) that the current nat gas trade could run high double-digits & quite possibly triple digits.