XLE Precision Timing 2021
Elliott Wave Plus
A Quick Reminder
As a reminder, during his November 1, 2020 weekend “Counts” webinar for Pro and Premium Plan subscribers, Sid Norris of ElliottWavePlus.com suggested that the large-cap Oil companies ETF: XLE would rally big for several months out of a 40-week Hurst cycle trough. XLE went on to rally 101.52% (from 26.98 to 54.37) through March 11, 2022. See our previous YouTube video showing Sid’s call here.
XLE Call 2021
Then, more recently, during his August 22, 2021 weekend “Counts” webinar, Sid showed that Hurst cycle analysis was suggesting that the correction since March in XLE had likely ended, and that large-cap oil companies should rally once again for several months, this time out of a larger 18-month Hurst cycle trough. As of today, XLE is up 31.61% from its August 19, 2021 low. Click on the video below to see a webinar excerpt from August 22, 2021. The 8-minute long video is a great example of what Elliott Wave Plus subscribers receive each and every week, with coverage of numerous tradable futures contracts, ETFs, individual stocks, and currency pairs. During the first few minutes of the video clip, Sid shows his current Hurst Cycle analysis on the US Dollar Index, and explains how it helped influence his bullish call on XLE, which turned out to be an excellent trade for Elliott Wave Plus subscribers.
To put this into perspective, had subscribers bought $10,000 worth of XLE at the open on November 2 ($29.11), and closed that position upon the first appearance of a deeply overbought pink exhaustion stripe on our daily charts (at $52.20 open on March 10, 2021), that 10K would have turned into $17,932, a profit of $7,932. Additionally, had subscribers bought $10,000 worth of XLE at the opening price of $47.00 on August 23, and held until the first pink exhaustion stripe occurred, taking profit at $57.62 on October 22, that would have turned the $10K investment into $12,260, an additional profit of $2,260. Total profit by these two example trades? $10,192. Not too shabby!
By the way, the green and pink exhaustion stripes shown on the most recent XLE screenshot below are automatically produced by Sid’s custom “RSI vs. Money Flow Index” indicator, which is now regularly shown on the majority of our covered items for subscribers.
XLE daily – 8/22/21
XLE daily – 10/26/21
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– Sid Norris & Andrew Norris
We offer a number of subscription levels. Some are mostly about future roadmaps based on a combination of Elliott Wave and Hurst Cycles, and others are based on automated algos. Sid presents his Elliott wave counts, which include integrated Hurst cycle analysis on over one hundred trade-able items for subscribers (Basic Plan & up) every weekend. He sends out updates on the most popular of those items every Wednesday. Crypto and Premium Plan subscribers receive algo screenshots nightly, as described in prior blog posts. Sid’s unique approach is well worth considering, especially if you’ve never experienced wave labeling and associated Fibonacci price targets that are derived in harmony with independent Hurst cycle analysis. Here’s more info about subscribing.
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“Sid, you continue to yield remarkable results – your silver analysis has been nothing short of spectacular this year and I have made enormous profits this year thanks to it. Booked another huge silver profit ( this time short ) based on your perfect analysis. God has blessed you my friend with great wisdom- thanks for sharing it with others !” – J.F
“Sid, Just a quick note from a long-term subscriber to let you know how much I appreciate your work, insight and dedication to excellence. Thank you and regards.” – J.V
Click here for many more testimonials spanning the last ten plus years.