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mych36

XLE Inverse Head and Shoulders

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
mych36  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
2
0
We can see an inverse head and shoulders pattern on the hourly chart. Due to the weekly macd negative momentum and the longer term downtrend, I would think it's more likely for price to consolidate for a bit rather than move higher right now.
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