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jtomm

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jtomm

Re: None

Thursday, 11/17/2022 11:16:31 AM

Thursday, November 17, 2022 11:16:31 AM

Post# of 864
Starting to feel like energy is struggling to move higher.

I'm not big into all the voodoo charting, but gaps getting filled is something the I've noticed over the years does tend to happen, for whatever reason. A lot of the energy indices have gaps quite a bit below where we are now, plus we've come a long way pretty quickly.

XLE currently around 90 has a gap at 74.48:

https://stockcharts.com/h-sc/ui?s=xle&p=D&yr=0&mn=10&dy=0&id=p01926711171

FENY currently around 25 has a gap at 20.55:

https://stockcharts.com/h-sc/ui?s=feny&p=D&yr=0&mn=10&dy=0&id=p01926711171

PSCE currently around 11 has a gap at 8.88

https://stockcharts.com/h-sc/ui?s=psce&p=D&yr=0&mn=10&dy=0&id=p01926711171

We'll see what happens. (Now watch energy markets blast higher! lol)
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