PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

January 30th, 2017: XLE Chart Update

Posted by pugsma on January 30, 2017

11:25 am EST:  XLE price has reached the target area of 72.73 to 71.35, which is the confluence of the 50%/62% Fib retrace of the 67.00 to 78.45 move, the up-channel lower trend-line and the Inverse Head and Shoulders (IHS) neck-line (71.94).

XLE 4-hr chart:

pug-xle-4-hr-1-27-17

XLE daily chart:

pug-xle-daily-1-27-17

 

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