Posted 15 July 2018 - 03:32 PM
Agreed as the XLE never confirmed the June rally:
2018-07-05 17:22:29 fib1618: looks like we have a rally failure today in the WTIC
2018-07-05 17:23:03 fib1618: as it challenged the intraday highs of Tuesday today
2018-07-05 17:23:25 fib1618: before finishing the day below the four previous closes
2018-07-05 17:23:41 fib1618: and on above average volume in doing so
2018-07-05 17:23:50 fib1618: this is likely an important top
2018-07-05 17:25:16 fib1618: and where, with the non confirmation we've been noting with the XLE during this run, we could see the pattern selloff hard like copper has from its peak of early June
Fib
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