Revisit earlier post on Oil stocks XLE
It seems a subtle trough was made of the 20 day cycle and now failure as expected
This is why cycles are important in the market. In the below post I explained what I thought was a subtle 20 day cycle upcoming on oil stocks and then a move lower into later cycle. As you can see today thats exactly what happened. Not because of my personal bias, but due to cyclitecnical evidence.