Energy Sector Showing Inverted Head and Shoulders

Long

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

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AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

Trend Analysis Chart Patterns Beyond Technical Analysis marketalpha watchlist Stocks LONG calls puts SPDR S&P 500 ETF (SPY) sectors

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XLE

Scanning through the sectors I noticed something quite clear, an inverted head and shoulders with a possible retest playing out. This is supported by the laguerre rsi below. I'm expecting prices for XLE to go higher and potentially confirm a megaphone pattern.

Commentaire:

This would have been a good trade

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