XLE formed a daily swing low on Tuesday.
XLE broke below both the 50 day MA and the 10 day MA to print its lowest point on Monday, day 22, placing XLE in its timing band for a DCL. XLE is in a daily uptrend. Forming a swing low above the lower daily cycle band indicates a continuation of the daily uptrend. A close above the converging 50 day MA and 10 day MA will signal a new daily cycle and trigger a cycle band buy signal.