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$XLE just broke out hard last week. The follow-through candle this time? Bullish all the way—buyers clearly stepping up to grab some real control here. Sure, there's that small upper wick showing folks got a bit spooked above resistance, some hesitation kicking in. But that's just noise.
Psychologically speaking, the bulls need to keep this momentum rolling to actually lock in that breakout. Without sustained buying pressure, you're looking at a potential pullback scenario. Watch how price reacts at that resistance level—if it holds and we see another push, we could be cooking with gas.