The following are the pivot points for the Energy Select Sector SPDR. Pivot High: $87.115, Pivot Low: $85.605. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on XLE:
- Oil Trading Weekly: Oil Drifts Lower Ahead of Fed Verdict
- Energy Select Sector SPDR: Pivot points
- Oil Trading Weekly: Oil Continues Steady Climb; EIA Data Shows Drop in Crude Inventory
- Oil Trading Weekly: Oil Recoups Losses after Weak Chinese Data
- Oil Trading Weekly: Oil Rises after Softer U.S. Inflation Print