Energy Stocks, Negative Divergence
FN: Energy (XLE) stocks have not made it back to the previous swing high around $54. Volume has completely vanished. Meanwhile the broader market, the S&P 500 (SPX) has exceeded the previous swing high. This negative divergence in something so cyclical does not exactly scream of "green shoots".
Energy Stocks, Negative Divergence
Reviewed by Information
on
04.40
Rating:
Reviewed by Information
on
04.40
Rating:
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