A Look At SPDR Energy ETF

Now here are two interesting daily charts for the SPDR Energy ETF XLE. The first is the Primary Indicator which is currently below the lower green line. XLE only becomes a buy when the Secondary Indicator crosses zero twice from negative to positive.

And here is the Secondary Indicator with today’s numbers added. It is right at the second crossover. If it makes it on Monday, XLE is a buy.