The XLE (Energy Sector ETF) Active Short Trade has hit T1 for a quick 3.1% gain & still appears likely headed to T3 in the coming weeks. Previous & updated 60-minute charts:
-
- XLE 60-min Jan 24th
-
- XLE 60-min Jan 30th
While not an official trade but mentioned as an alternative to shorting the oil & gas stocks along with XES (Oil & Gas Equip. & Svcs ETF), XOP (Oil & Gas E&P ETF) has hit the 36.87ish support level where a reaction is likely, followed by additional downside in the coming weeks.
XOP 60-min Jan 30th