Still looks legit to me ... they've held up well
against oil that kept on dropping, but I wonder if this short
"decoupling" will last ... I kinda have a feeling that oil will be
the catalyst pulling everything down with it ... something to
watch for sure!
We break down much more, and so goes this $#!+ show you
discussed. We have a few layers of positive divergence developing
intra-day, I am not shorting this support right here on XLE. I am
waiting for a bounce or more of a confirmation.
XLE / $SPTEN
XLE / $SPTEN
Posted by mla127 on 4th of Apr 2016 at 02:02 pm
Still looks legit to me ... they've held up well against oil that kept on dropping, but I wonder if this short "decoupling" will last ... I kinda have a feeling that oil will be the catalyst pulling everything down with it ... something to watch for sure!
We are at the lower tip of a falling wedge on Crude Futures...
Posted by zitron on 4th of Apr 2016 at 02:06 pm
We break down much more, and so goes this $#!+ show you discussed. We have a few layers of positive divergence developing intra-day, I am not shorting this support right here on XLE. I am waiting for a bounce or more of a confirmation.
Are we on the May or June contract for Crude?
Posted by zitron on 4th of Apr 2016 at 02:49 pm
We are on May ...
Posted by mla127 on 4th of Apr 2016 at 03:03 pm
We are on May ... volume on that contract too .. rollover april 17th
Thank you!
Posted by zitron on 4th of Apr 2016 at 03:28 pm
My 50 SMA on the daily was way off!