CTA for XLE as of 2024-01-18

CTA for XLE as of 2024-01-19

MTP for XLE as of 2024-01-19

Chart for XLE as of 2024-01-22

The CTA report suggests the shorts may be increasing their pressure, and the MTP report has continued sell signals while downgrading one of the longer timeframes. There is hesitation though because we are already at a 9 count.

Expecting a short term bounce before looking for a long PUT entry.