Shorting XLE as a counter trend trade. Strictly a swing trade.
RSI on a 2 hour Heikin Ashi chart is at 80. RSI 80 is my overbought signal for me.
I am bearish only a very short term. I am bullish on long and intermediate term.
Strict trade management is the key in this trade.
Learn, Plan, Size and Manage.
This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money.