Here we see the oil index symbol $XOI which has broken below its top, retraced back to resistanec and, I believe, is ready to swoon lower. I own XLE puts to exploit this idea.
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart_XOI-640x336.jpg)
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Here we see the oil index symbol $XOI which has broken below its top, retraced back to resistanec and, I believe, is ready to swoon lower. I own XLE puts to exploit this idea.