Friday, August 26, 2011

Energy Update

XLE
 XLE 60 min in a leading positive divergence.

 XLE 30 min shows 2 leading positive divergences.

 XLE 15 min another leading positive divergence

 Same with the 10 min, with sharp accumulation on this morning's dip.

 Same as above.

The 1 min chart is indicating either a pullback or a consolidation, I would think t is more likely to be a pullback.

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