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Energy Select Sector Spdr XLE Pivot Points

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Oct 04, 2021 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Energy Select Sector Spdr /zigman2/quotes/206420077/composite XLE +2.62% with integrated risk controls.

The trading plans were valid at the time this was published, but the support and resistance levels for XLE change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

Protection from Market Crashes: Subscribers also get our Tail Risk hedge, Evitar Corte

Use the basic rules of Technical Analysis. Here are some examples: if XLE is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for XLE too. All of these are offered here: Access our Real Time Trading Plans

  • Buy XLE over 50.50 target 56.06 stop loss @ 50.35

  • Short XLE under 56.06, target 50.50, stop loss @ 56.22

  • Buy XLE over 55.09, target 56.06, Stop Loss @ 54.93

  • Short XLE near 55.09, target 52.38, Stop Loss @ 55.25.

  • Buy XLE over 55.09, target 56.06, Stop Loss @ 54.96

  • Short XLE near 55.09, target 54.04, Stop Loss @ 55.22.

XLE Technical Summary | Raw Data for the Trading Plans

COMTEX_394552032/2570/2021-10-04T12:05:02

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 55.43
+1.42 +2.62%
Volume: 28.51M
Dec. 2, 2021 12:24p
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