Showing posts with label SPDR Energy (XLE). Show all posts
Showing posts with label SPDR Energy (XLE). Show all posts

Monday, 10 September 2012

SPDR Energy: Breakout from resistance


Breakout from $73.00 resistance level with heavy volume over the last 2 days.
Also rebound from preliminary uptrend channel support.

Long-term GMMA well separated and moving in a parallel fashion.
Short-term GMMA compressed and now expanding.


Outcome:
Placed order to buy at $73.10, but was not filled.
Price has runaway, so not chasing the price.