XLE at week one: the double-bottom bounce holds, but strength is still building

XLE enters week one of a buy signal on the US energy sector. The double bottom in the 53/55 area provided the launching pad, and the confirmation week closed bullish. IQS Phase stands at 54 out of 100 in the ordinary phase, signal strength at 47 out of 100: a cautious start, not a surge. Position size is reduced in line with the setup.