State Street Energy Select Sect
Investment Thesis
XLE's relative strength vs. SPY has collapsed to an RSI of 22.9 — deeply oversold territory that historically precedes mean-reversion recoveries. With price bouncing off April 17 lows and approaching the 50-day SMA from below, a reclaim of that level would open the door back toward the $61–62 zone.
Why It May Work
Why It May Not Work
Timeline
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