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Ocelot_trader

$XLE starts to look cheap around $70.50

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
Ocelot_trader  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Harmonic Patterns Technical Indicators Energy Commodities XLE
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trendanalysis harmonicpatterns indicator energy xle
$XLE broke below weekly support, which happens to be 0.768 Fibonacci support level as well.

I'd want to get long at $70.50 as it'll be the 0.618 level of Fibonacci support and also other important technical factors coincide in that zone. Including volume profile value area high at the same level.
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