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Price Targets For ERX XLE Trade Idea

Due to decay from the 3x leverage, the price targets for the ERX (3x bullish energy sector ETF) short are based off the XLE (1x bullish energy sector ETF) chart, with T2 (62.20) as the current final target. Suggested stop on a close above XLE 67.30. XLE daily chart:

XLE daily May 18th

XLE daily May 18th

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May 18, 2016 2:28pm|Categories: Completed Trades - Short|Tags: , |Comments Off on Price Targets For ERX XLE Trade Idea