Regarding the recent comments on DRIP in the trading room whereby several traders just recently had their stops taken out, it looks quite likely that there might another shot at an XOP/GUSH short or DRIP long on a break below this Ascending Broadening Wedge pattern (purple uptrend line). The negative divergences in place warn of a likely breakdown & it appears that the recent ramp & crude & the energy stocks was intentionally orchestrated to just barely run the bulk of stop loss orders on short entries that were taken on the recent break of the rising wedge pattern (yellow uptrend line on this chart along with the purple upper TL which defined that wedge).
XOP daily June 10th
As XOP is right on the line, still within the pattern & crude oil has only barely given back the key 50 level, it might be prudent to wait and see some downside follow-through next week before re-shorting or adding to an existing XOP/GUSH short (which is still an Active Trade with a stop over 38.28).