XLE Head and Shoulders Top?

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SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

Trend Analysis Head and Shoulders Chart Patterns XLE head_and_shoulder neckline Bearish Patterns short

trendanalysis headandshoulders chartpattern xle head_and_shoulder neckline bearish short

XLE has formed a head and shoulders top. It broke the neckline on July 7 and today it failed again after retesting the neckline.

Looks like a good shorting opportunity.

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