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XLE 1 year cup can handle

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
NapoleonStockS  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Chart Patterns Oil
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trendanalysis chartpattern oil
Actually looks to be viable. I actually believe oil is on a progression upwards as a macro trend. It is an indicator that can be worrisome for the overall market, but If it drops to 45.83 That is the .5 for its wave 4.

Target 65 if it bounces from there. If wave 4 has completed at 47 then target 60 for Late Spring early summer
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