Thu, 17 Sep 2026 08:55:04 GMT
XLE Technical Outlook: Key Support Test at the 20-Day SMA
XLE remains in a multi-month uptrend established from its July double bottom near $53.00, but it is currently undergoing an active corrective pullback after stalling below resistance at $66.50. The latest sharp sell-off brings the price down nearly 3% to test the rising 20-day SMA at $64.00, marking a critical inflection point where a bounce preserves the near-term bullish trajectory,