The Energy Select Sector SPDR (XLE, Financial) recently revealed its critical pivot points calculated via the DeMark method. The pivotal high, denoted at $79.89, serves as a significant marker, where surpassing this threshold could indicate a bullish trend for the stock. Conversely, the pivotal low is set at $77.97, with a breach below this level potentially signaling a bearish momentum.
Investors often regard movements beyond these pivot points as vital indicators, offering insights into potential future market directions. Monitoring XLE's price actions relative to these levels could provide valuable information for making informed investment decisions.
