XLE has been consolidating below the 94.30 level for the past week.
XLE opened above the 94.30 level on Tuesday but ended the day forming a bearish reversal. A swing high and a close below the 10 day MA would signal the daily cycle decline. A top on day 10 would potentially set XLE up for a left translated daily cycle formation. XLE is currently in a daily uptrend. XLE will remain in its daily uptrend unless it closes below the lower daily cycle band.
Cycle Trading 
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