ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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Lee Lichterman III

towerdog

To: Jacob Snyder who wrote (33654)	8/20/2021 5:40:11 PM
From: Jacob Snyder	3 Recommendations Read Replies (1) of 97561

XLE goes below 42 during recessions. Since we are not in a recession, I expect that support line to hold. In 2018, when WTIC peaked at $75, XLE got to 65. In 2021, $75 oil only got XLE to 55. So maybe the upper end of the LT 42-62 range needs to be lowered. schrts.co

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