Colossal Head and Shoulders Top in Non-renewable Energy Leader

Exxon Mobile is exhibiting a massive H&S top and is now trying to break below the neckline for the second time. Often times if a support/resistance break attempt fails, the second attempt tends to be more successful. If this Head and Shoulders top does break down, that should coincide with the price of Oil and be the start a new bear market for the non-renewable energy sector (which would be a sign of strength for renewable and electrical energy in the years to come).