$XLE - RC -
Added 2023-06-27 12:40:46 +0000 UTCNo changes to the Energy Select Sector, the price action has broken down from the long wedge trend line that has been in place since October 2020.
It has also tried to recapture this trend line and could not find support so my red corrective wave is still active and in control now.
We can also see that the 50 Day MA has crossed the 200 Day MA too to the downside, which we know is a bearish indication and this has been appearing lately on a number of charts.
