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Energy ($XLE) has been the strongest since the election, closing at a six-month high today. Sam points out it's on track for its highest monthly close in a decade.
$XLE is resolving higher from a two-year Ascending Triangle pattern with horizontal resistance, around $95, and a rising trendline for support.
This consolidation pattern formed slightly below the 2014 peak. While Energy has been absent throughout the bull market, it could easily break out to all-time highs if this bullish pattern is confirmed.
The Takeaway: Energy ($XLE) has been the strongest sector since the election. It's on track for its highest monthly close in a decade, setting the stage for all-time highs in 2025.

[ATTACH=full]188304[/ATTACH][ATTACH=full]188303[/ATTACH][ATTACH=full]188302[/ATTACH][ATTACH=full]188301[/ATTACH][ATTACH=full]188305[/ATTACH][ATTACH=full]188306[/ATTACH]

jog on
duc

<blockquote data-quote="ducati916" data-source="post: 1305359" data-attributes="member: 2975">[ATTACH=full]188300[/ATTACH]<ul>
<li data-xf-list-type="ul">Energy ($XLE) has been the strongest since the election, closing at a six-month high today. Sam points out it&#039;s on track for its highest monthly close in a decade. 
 </li>
<li data-xf-list-type="ul">$XLE is resolving higher from a two-year Ascending Triangle pattern with horizontal resistance, around $95, and a rising trendline for support. 
 </li>
<li data-xf-list-type="ul">This consolidation pattern formed slightly below the 2014 peak. While Energy has been absent throughout the bull market, it could easily break out to all-time highs if this bullish pattern is confirmed. 
 </li>
</ul>The Takeaway: Energy ($XLE) has been the strongest sector since the election. It&#039;s on track for its highest monthly close in a decade, setting the stage for all-time highs in 2025. [ATTACH=full]188304[/ATTACH][ATTACH=full]188303[/ATTACH][ATTACH=full]188302[/ATTACH][ATTACH=full]188301[/ATTACH][ATTACH=full]188305[/ATTACH][ATTACH=full]188306[/ATTACH]jog onduc</blockquote>

[QUOTE="ducati916, post: 1305359, member: 2975"] [ATTACH type="full"]188300[/ATTACH] [LIST] [*][B]Energy ($XLE) [/B]has been the strongest since the election, closing at a six-month high today. Sam points out it's on track for its highest monthly close in a decade. [*]$XLE is resolving higher from a two-year [I][B]Ascending Triangle[/B][/I] pattern with horizontal resistance, around $95, and a rising trendline for support. [*]This consolidation pattern formed slightly below the 2014 peak. While Energy has been absent throughout the bull market, it could easily break out to all-time highs if this bullish pattern is confirmed. [/LIST] [B]The Takeaway: [/B]Energy ($XLE) has been the strongest sector since the election. It's on track for its highest monthly close in a decade, setting the stage for all-time highs in 2025. [ATTACH type="full"]188304[/ATTACH][ATTACH type="full"]188303[/ATTACH][ATTACH type="full"]188302[/ATTACH][ATTACH type="full"]188301[/ATTACH][ATTACH type="full"]188305[/ATTACH][ATTACH type="full"]188306[/ATTACH] jog on duc [/QUOTE]

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