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The energy sector is showing bullish reversal patterns and accelerating momentum, potentially rotating back into favor relative to the S&P 500.
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Massive bullish reversal formations breaking resistance and others nearing completion as momentum accelerates in the $Energy sector (Measured objectives shown - Price patterns are not guarantees) $CVX $XOM $APA $COP *Schwab does not recommend the use of technical analysis as a so
Chart of the day: The $Energy sector is forming an inverse head & shoulders formation relative to $SPX which could suggestion a rotation back into that sector over the coming weeks *Schwab does not recommend the use of technical analysis as a sole means of investment research. *A
Looking at Relative Strength trends in various sectors relative to $SPX over the last 6 months.... $HealthCare & $Financials - leading $Energy $Materials $Discretionary $Tech - improving *Schwab does not recommend the use of technical analysis as a sole means of investment resear
Focusing on the $Energy sector by charting these and a few others today in our "Trading Price Patterns" webcast today at 1pm ET: https://www.youtube.com/watch?v=zK4JVxmfglA
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