Energy Select Sector SPDR (XLE)

[euterpe1]

Trend1,

I don't really follow oil, but this is one honking divergence. Lower oil could put a cushion under the equity markets, at least temporarily.

http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=0&mn=6&dy=0&id=p17884934400