See for yourself. As always, we are not predicting the future, only pointing out current conditions…. but this is not a healthy looking rally attempt… could short on next reversal signal, especially if it comes with a test of the 50-day EMA. A failed test of the 50-day could lead to a test of the 200-day, which would be the next place to take profits, around $45 on the XLE (see chart). Same principle for most any other chart of a stock from one of the former leadership groups, such as housing, mortgage, certain retailers, or energy. Cheers!