colonelkink

Look for XLE breakout of cup and handle; bullish continuation

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AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
In previous research on bullish WTI I overlaid XLE and observed that there is a cup and handle. Cup and handle or ascending triangle or whatever pattern price zigzag combined with rising WTI says XLE is a bullish continuation.

Keep a close eye as that continuation pattern is now pushing against resistance.

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