(earlier I posted this as the XLF, it is actually the XLESo.... I'm trying to come up with a narative for energy. That red line is the Secular trend... Using my stupid patterns.... and my 120 oil thesis. the xlf will come down to that trend line Oil will catch a bid at 120 for a week or so. and people will start moving into the XLF... then oil will break, and again we will have a nice fear trade......
maybe around the 60 level it will find some support. I will be looking to get out of my DUG soon.
That is just my mojo talking
Headline says XLF, but you meant XLE
ReplyDeleteyou are correct, sir
ReplyDeleteDid I say, Thank you.
ReplyDeletethank you.