ERX is looking pretty bearish for support, IMHO. However, energy has pulled it off several times before. For instance, SSO sits pretty strong at the bottom of RSI's bullish range, as if to near another rally. However, it head-butted that upper channel border and A/D line looks like it wants to real ... and then again the secondary indicators are getting taut to the oversold ... What the?
Looks like a battle ground begging for smoke to clear before the slaughter count starts, IMHO.
ERX:
SSO:
D.
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