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trade0039

XLE XES Bearish Pattern in Play (Bearish)

Short
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
trade0039  
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Trend Analysis Technical Indicators Chart Patterns UNG Natural Gas XLE XES gush BOIL KOLD DRIP Crude Oil Futures WTI (CL1!)
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trendanalysis indicator chartpattern ung ng1! xle xes gush boil kold drip cl1!
Clearly there is a Bearish Divergence on XLE and XES on RSI and PPO

On Weekly time frame as well, there is negative divergence

Risk to Reward clearly favors Short Opportunity
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