continuing to work a long Loonie potential- more
am looking at the relative strength of the XLE versus components of the S&P that make up more than 10% of the S&P.
sure looks like the RELATIVE STRENGTH of XLE is about to start outperforming the larger components of the S&P based on patterns.
of course, the patterns can always fail and the drift of the energy sector into oblivion continues .. patterns suggest a pause, bounce or strong up move coming.
means to keep on the lookout for that LOONIE buy ….