XLE Trade on Jan 8, 2019 12:48 from MichaelBLe: Tradervue User Stock Trades.

XLE showing relative weakness in the market. Closing on a red candle with major RSI divergence (Which we do not use heavily unless its on indices...). I like the rising wedge and red candle formed at the top of the wedge. The hourly also showed it stalling around $62 range with multi red dojis and decreasing candle bodies.

TARGET: 58
RISK: 61.80

EXIT: Gapped up and took loss in the PM.

EDIT: 1/13
After further review, SPY made higher lows after the morning sell off. Bulls showing signs of strength. Should had waited for SPY to make a new low. Pay attention to individual stocks to see if they are making new lows.