XLE remains in a firm uptrend with positive RS and bullish signals, despite slight slowing on the intermediate term.

Obviously, super strong, but of late it has been slowing a little bit on the upside on the intermediate term rising phase there 6567 to 6921. Uh so action is obviously still positive in the shortterm rising phase.

Look at that nice higher cycle high, higher cycle low here off of that move there and then a turn up again. Higher cycle high, higher cycle low, higher cycle high, higher cycle low.

So a firm uptrend that is in place and see where it is getting bought right at the rising slim ribbon.

And on the upside, what do we have now? 66 right on 6726 and then 68.88 in terms of our areas down 6430 to 6316. Uh again, RS is still positive as is the slim ribbon and obviously on both the intermediate term and short-term.

You're seeing very bullish indications coming out of our slim market conditions monitor. So all very positive.

You will also note that our next trough on the short term is due right around the early part of October.