XLE formed a swing high on Tuesday.
Tuesday was day 10 for the daily energy cycle. The peak on day 9 sets XLE up for a left translated daily cycle formation. Tuesday’s swing high caused XLE to close below both the 50 day MA and 10 day MA to signal the daily cycle decline. XLE is currently in a daily downtrend. Forming a swing high and closing back below the 10 day MA indicates a continuation of its daily downtrend and signals a cycle band sell signal.
Cycle Trading 
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