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m3rr0r

Energy stocks have topped... For Now

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SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
m3rr0r  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Chart Patterns Technical Indicators Wave Analysis XLE xleshort xlelong Oil SPDR S&P 500 ETF (SPY) sp500index SPX (S&P 500 Index) S&P 500 (SPX500) Energy Commodities
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chartpattern indicator waveanalysis xle xleshort xlelong oil spy sp500index spx spx500 energy
Following the recent oil selloff the XLE sector is now pulling back. With a clear divergence in the RSI with the 3 recent price tops, it seems like the XLE has completed 5 waves up. Following that is a 3 wave correction as a flat and is now preparing to finish the last leg of it, before exploding higher sometime next year.
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