There is a gap ahead on XLE though. Last stop before a double-top or new all-time highs.
How My Heart Bleeds
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FEEDSo is the expectation that all these lines should be identical? What
else might create a chart that resembles this one? Ribeye steaks? Tesla
Model Xs? ...
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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