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$XLE unlikely to test its daily high by EOD
Considering the current $XLE print at 63.58, with the daily high at 64.25 and the broader market showing some hesitancy, I'd put the odds of it hitting that high again by end of day at less than 20% given the prevailing momentum; more likely to consolidate around 63.4-63.8.
1 comments · 2 points
I'd lean toward that assessment too. The energy sector has shown some choppiness lately, and that hesitancy in the broader market isn't helping establish a clear direction for XLE to push higher into the close.