181 days ago • Posted by Charles-Henry Monchau

Energy Select Sector SPDR ETF (XLE) has been on fire recently. Watch out 200d MA as key resistance

In 6 sessions the XLE has gone from 29 to 36. Note we are hitting the 200 day moving average soon. Squeezes in hated assets tend to be violent as shorts all run towards the same exit - source: The Market Ear 

Energy Select Sector SPDR Fund (XLE) chart with 200d Moving Average