Bearish: Energy Sector testing major $67 support levelTraders have reacted to this $67 level since June 2017 and now being tested as support. Intraday it's been broken many times but look for a break below to continue lower to $64 and $62 targets. Shortby OptionsPlayPublished 0
XLELong via Jun15/Mar16 diagonal for $4.37 POP: 50% Max Loss: $4.37 Stop Loss: Price at $64.40 Max win: As of right now, $263 Target: Price at $75 Long Jun15 $66 call: 61 delta Short Mar16 $73 call: 14 delta. I structured this trade to give me the most profit as close to my target as possible (in the case it shoots straight up), while still having a positive theta trade. For reference try to match the thetas of both options up for choosing a strike for your short. I will continue to roll the short call each cycle to continue to eliminate basis as well. Longby BenjiUpdated 227
XLE LONG OpportunityXLE (Developed Markets Energy Index) has recenly tested relative lows: support area withstanded the recent drawdown. Long-term Fibonacci retracement level seems to provide further support. This could be a good opportunity to enter a LONG trade, since support levels look strong enough and we have plenty of room above. Entered @ 68.35 Stop Loss: Fibonacci support (-3.6% @ 65.88) Target price: three times our risk (+10.8% @ 76.25)Longby MonkeyTestPublished 1
XLE OverAll DownTrend Still In PlayXLE Sideways After Short Covering Color Blue Number 7by MyStockScriptsPublished 3
XLE looks to retest the highsXLE making a nice bounce off of support.Longby wave3tradingPublished 112
$XLE: Morning Star formation at previous supportExcellent opportunity to go long!Longby LorenzoDecariaPublished 2
S&P key sectors daily performanceMovement in daily prices of key sectors within S&P 500 indexby satvikmindsPublished 1
Energy Select Sector ERY (short) / ERX (long)Possible Ascending Triangle here, let's see where it goes. Good luck.Longby faronfPublished 1
XLE: 8 & 200 WEEK MA BUY SIGNAL TO TRIGGERED ALGO BUY PROGRAM!ANOTHER MELT UP WAVE COMING...Longby mseah8Published 0
XLE MAJOR MELT UP! BREAKS 200 WEEK MA & 3 YEAR TRIANGLE!Bullet Train Oil still far from $70 Target!Longby mseah8Published 1
Strangle on XLE (58% probability)With the strong move to the upside, I am betting that we are starting a new auction between 78 and the 71 levels. So with an Implied volatility Rank of 37, I sold a Strangle at the 30 deltas for a $1.36 credit. As long as the price stays between $78.35 and $71.65, we will be making money. The Trade: Short 73 Puts Short 77 Calls Credit $1.36 per contract 58% Probability of profitby AlexanderGotayUpdated 8
4yr Symmetrical Tri & Possible H&S Breakout?Possible 4yr H&S continuation and 4yr Symmetrical Triangle. Long Term; long $100 Short $40by alluck89Published 0