Sunday, September 25, 2016

9-25-16, Looking into XLE

This is a sell on the weekly chart, with the slight gains over the last week being well within bearish parameters.  On the daily chart it eventually closed below the EMA.  Mannarino did a video on Friday; He must have taken his screenshot of evolution before the day was finished.

I would surely avoid this for the time being.  I say that with the expectation of a down down for stocks in general on monday, and I don't think this will be an exception.

It also nailed a sell signal on the monthly chart, so this one could go really bad.  It might do better Wed-Thurs.

Mannarino's Video:

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