Hello Members,
The Energy sector has been beaten down pretty hard over the last couple of weeks, but the technical signals are telling us that prices are a bit oversold. In this video, I cover all of the technical signals as well as our strategy for scaling into XLE with a 50% position. If you are new to our service, then just follow along with the video and I will send out another video when it’s time to adjust this position. Our plan is to turn this into a diagonal calendar call spread once the price moves back up to fill the open gap above the market.
Happy Trading
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