XLE - Chart Link- it probably tries to have a
reactionary bounce off that, but otherwise the intra day charts are
pretty awful, so I don't think it bounces much off the 50 day
before going lower again
Hi Matt. Below the 50SMA, the symmetry target is $91.41. Do you
think that would be a reasonable bounce entry, if it gets there? if
not, what levels interest you? Thanks
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XLE nearing the 50 day MA
Posted by matt on 1st of May 2024 at 10:53 am
XLE - Chart Link- it probably tries to have a reactionary bounce off that, but otherwise the intra day charts are pretty awful, so I don't think it bounces much off the 50 day before going lower again
Update: XLE nearing the 50 day MA
Posted by matt on 1st of May 2024 at 02:13 pm
XLE - Chart Link- note an open gap around the 89 area (89.6 fills the gap), and bigger support zone below around 200 MA and below
Currently bouncing from Doji demand
Posted by steve on 1st of May 2024 at 02:19 pm
Currently bouncing from Doji demand (downside pause and bounce for those nimble). I added to chart so refresh.
Hi Matt. Below the 50SMA,
Posted by te22 on 1st of May 2024 at 11:55 am
Hi Matt. Below the 50SMA, the symmetry target is $91.41. Do you think that would be a reasonable bounce entry, if it gets there? if not, what levels interest you? Thanks