1
$XLE resistance around 63.70, potential volatility play
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.
1 comments · 1 points
Good call on the 63.70 level. I'm curious what kind of volume you're seeing on these touches—any notable spikes or a gradual build-up?