State Street Energy Select Sect
Investment Thesis
XLE posted a lower high at $61.29 — failing to clear the 52-week peak of $62.56 — then broke below its 50-day SMA, while the XLE/SPY relative strength ratio simultaneously lost its own 50-day MA. Bearish momentum points toward a retest of the $55 support zone.
Why It May Work
Why It May Not Work
Timeline
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