Thursday, December 22, 2022

XLE Looks Positive - Update 1

XLE Daily Chart



Today was a big day for many of the markets, but just noise within the current sideways congestion/consolidation for XLE. We even closed right in the middle of it. A non-material day.

Tomorrow is the trading day before Christmas. I'm told that is an up day about 75% of the time. I'm expecting a reversal in XLE, but not much of a break out from the congestion range.

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