We discussed the energy sector ETF, XLE, in chat the other day and I felt I would share the chart. It certainly seems that a head-and-shoulders top has formed which would lead us to even lower oil prices. Of course they can backfill the name up to the right shoulder so you can get in here and add if that occurs. Stop (alert) to cover above that right shoulder. Target those lows and below possible. Much will depend on strength/weakness in the US dollar.
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