$XLE resistance around 63.70, potential volatility play
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Watching $XLE as it bumps up against 63.70 today. It's been a tough ceiling recently, and a sustained move above that could trigger some short-covering, but if it rejects here again, we could see a quick retest of the low 62s. My concern for a long bias is if it dips back below 63 quickly, invalidating the upward momentum.
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