The Trust Layer for Market Analysts

The Energy Select Sector SPDR Fund (XLE) is showing strong upward momentum on a daily chart, with positive signals from both short-term and long-term moving averages, suggesting a bullish outlook. The RSI14 reading of 84 indicates a potentially overbought condition, which could lead to minor pullbacks. However, the overall trend remains positive, with a buy signal generated from a pivot bottom approximately 10 days ago. The ETF is expected to open lower on Wednesday, March 25th, 2026, but continue its upward trend over the next three months. Key support levels are identified at $59.14 and $55.89. A break below $57.04 would invalidate the bullish thesis.