***XOI is at major trendline resistance from the past two tops... major trendline support currently exists just under 800, I may post charts later on to enforce what I'm saying here...
So here's what could happen, 1. the XOI fails here, and sinks to the major trendline support (around 800). Or the 2. XOI breaks out and goes rather parabolic... or 3. it forms an inverted head & shoulders here or a W-type bottom much like oil did before it made it's recent new all-time high...
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