XLE could see a pullback through Sept-Oct

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

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

Trend Analysis Chart Patterns XLE renko

trendanalysis chartpattern xle renko

XLE could see a pullback through Sept-Oct but looks like limited upside before further drop. key resistance looks to be in 40-42.50 area. Resistance at this level and further downside later in year.

The 100 tick renko looks like price does have upside potential in short term.

snapshot

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