"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •441 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,380.50 | +3.90 | +0.28% |
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WTI Crude •11 mins | 63.82 | -0.23 | -0.36% |
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Gasoline •16 mins | 2.020 | -0.009 | -0.42% |
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Ethanol •441 days | 2.161 | +0.000 | +0.00% |
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Silver •441 days | 30.82 | +1.16 | +3.92% |
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Silver • 441 days | 30.82 | +1.16 | +3.92% | |
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Copper • 441 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 67.77 | -0.18 | -0.26% | |
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Natural Gas • 11 mins | 3.086 | -0.014 | -0.45% | |
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Heating Oil • 15 mins | 2.347 | -0.008 | -0.33% |
Wells Fargo has done it…
An economic slowdown in many…
The Economic Community of West…
Reason:
XLE has failed to carry out a thrust following a Triangle.
This failure has turned a bullish pattern into a bearish one with a potential Double Top, which has a theoretical target at 83.74.
I don't have an entry price yet so I will see how price behaves today. Ideally I would go short on a rebound towards the 10 dma.
I will use $ERY (Energy Sector Bear 3 x ETF).
If the reversal pattern pans out the gap at 22.30 could be filled.
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