The popular ETF that tracks the energy sector, The Energy Select Sector SPDR ETF (NYSEARCA: XLE), hit a peak in late March, corrected in early April and may struggle to advance. The conspicuously large candle formed by the ETF price action is echoed in the underlying stocks, suggesting higher prices will be hard to come by. The candle, which is primarily a large black body, formed a Dark Cloud Cover, typically signaling the end of a trend. However, it is unlikely this trend has ended.
