Here's a point & figure chart of the Energy Select Sector SPDR ETF (XLE). It's a big hot mess right now. The XLE has been busy making lower highs and lower lows. The trend is not it's friend (for now).
Investing involves risk including possible loss of principal. This information is provided for educational purposes only and should not be construed as research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.