XLE Nasty Setup

From a technical level, the XLE is showing a potential head and shoulders setup on a monthly chart. Combine this with major bearish divergence leaves shorting this basket of stocks as the trade of the year.

Any potential good news on the Ukraine/Russia front would be devastating on a fundamental level.


Everyone is long energy. Be brave, be bold. XLE

הערה:

Correction. The Bearish Divergence appears on the weekly chart.

עסקה סגורה: היעד הושג