ERX Update

Energy and ERX were posted about yesterday under, "Holding ERX (long)" , this morning ERX is up +2.75% and XLE +.85%

There should be plenty more upside in ERX and XLE in the days ahead.

 We may see some gap filling, but this leading positive divergence on a short timeframe with longer timeframes positive is a signal that Energy is coming back in to rotation.

The 15 min leading positive divergence in ERX should pull ERX at least to the top of the range, I suspect even higher.