Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with SP500 technical analysis, stock analysis and more. Read our technical analysis blog to learn more.

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:


XLE daily chart:


Sorry, the comment form is closed at this time.

%d bloggers like this: