There is a gap ahead on XLE though. Last stop before a double-top or new all-time highs.
What to Make of the Elon Musk Tesla China Embrace?
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Elon Musk went globetrotting to China and scored a big victory for Tesla's
Full Self Drive (FSD) Technology. Or did he?
Looks like a gap fill for sure & likely double top. some serious energy bulls like Erik Townsend expect a break up! Their reasoning should be considered at least IMO.
ReplyDeleteIt's why I've almost never had energy as my to short position this year. If energy goes up, most everything else will eventually be going down.
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