XLE Energy Sector (Daily). Potential Recovery Rally.

Long

SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)

AMEX:XLE SPDR Select Sector Fund - Energy Select Sector

XLE Energy Sector (Daily)

Potential Recovery Rally.

Bullish reversal 15/10/2014. Heavy volume turn.
Uptrend, with higher lows.
Broke downtrend_line.
Clearing 50 sma resistance.
Broadening reverse Triangle.

RSI bullish.
Oil potential rebound. ( attached )

XLE Energy Sector (Daily). Potential Recovery Rally.

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