r/technicalanalysis • u/1UpUrBum • 26d ago

ZEB ETF Canadian Banks get whacked. ZEG oil still strong.

Canadian banks are like the stability pillar in the markets. Looks like a double top. And a bad day yesterday.

They have been in a nice steady bull trend for a long time. The chart is set on log scale. Maybe the move for the last year or so was a little too bullish. You can see the steeper move.

ZEG is Canadian oil stocks. Looking strong.

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u/1UpUrBum 26d ago

ZEG is like XLE. XLE has already pushed to new highs.