Energy Select Sector SPDR Fund

XLE at an important decision point

93
Investing in XLE is less volatile than crude oil. Demand bound to rise as economy recovers.
XLE already came back from a HEAD & SHOULDER covid plunge & retested the neckline.
It is at the same time trying to breakout of a BIG WEDGE & a SMALLer WEDGE.
Noticing the small head & shoulder inside the small wedge,
my bias is for XLE to breakout soon. Getting above 65 would set the next targets of 80 & 100 into play as wave 3 continues.
Not fincial advice....make due diligence.
Pls comment also your ideas.

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