AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
From a technical level, the XLE is showing a potential head and shoulders setup on a monthly chart. Combine this with major bearish divergence leaves shorting this basket of stocks as the trade of the year.

Any potential good news on the Ukraine/Russia front would be devastating on a fundamental level.


Everyone is long energy. Be brave, be bold. XLE
Komentar:
Correction. The Bearish Divergence appears on the weekly chart.
Trading ditutup: target tercapai

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