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January 23rd, 2017: XLE Chart Update

Posted by pugsma on January 23, 2017

12:30 pm EST:  XLE is pulling back toward the 71.94 IHS neck-line for back-test of the break-out.  This is also in the 50%/62% Fibonacci retrace area of 72.73/71.35.  The lower up-trend channel line is also coming in around this same 71 to 72 area.  The IHS target is 93.95, which is a potential 20.51 point (27.9% gain) from here at 73.44.

XLE 4-hr chart:

pug-xle-4-hr-1-23-17

XLE daily chart:

pug-xle-daily-1-23-17

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