$XLE starts to look cheap around $70.50
$XLE broke below weekly support, which happens to be 0.768 Fibonacci support level as well.
I'd want to get long at $70.50 as it'll be the 0.618 level of Fibonacci support and also other important technical factors coincide in that zone. Including volume profile value area high at the same level.
I'd want to get long at $70.50 as it'll be the 0.618 level of Fibonacci support and also other important technical factors coincide in that zone. Including volume profile value area high at the same level.