Energy, XLE on the Move

The XLE has continued its upside surge to 57 this morning off of Monday's pullback low and pivot at 54.07. My optimal "next" target zone is 57.00/.40, but my near-term work supports a move to 58.20/50 as well. At this juncture only a reversal and close beneath today's low at 55.46 will compromise upside continuation.

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