Wed nov 6, 2019
XLE Energy ETF
Energy bottomed in August an October. This assets up a final low on the uptrending blue line later this month.
We are thinking this will be a major opportunity for a low risk entry into energy markets.
Stock markets overall despite the outburst of positive headlines are a few hundred points over resistance at DJIA 26,400.
Stocks are likely making a first high now and then a secondary in various indices mid month, then look for a bit of pullback.
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