A Follow-Up on Energy

$XLE

From Wednesday - https://732charts.substack.com/p/energy-falls-off-the-table

The XLE 0.00%↑ found the level mentioned and is bouncing today, primarily in concert with the market turning positive this afternoon. However, what’s worth keeping in mind is that nearly 25% of the XLE 0.00%↑ is XOM 0.00%↑, who is reported to be acquiring PXD 0.00%↑ .

So while a tactical trade may be live here, I’m looking at $95 as potential resistance for the $XLE.