$XLE is very close....State Street Energy Select Sector SPDR ETFBATS:XLEFida4uXle has held up relatively well. Oil has been shorted to the ground while XLE is holding its support and breakout zone. What I love about this setup is the convergence of support levels and structural (bull flag) look. The moment xle sniffs a rebound in oil (temporary or long term), it will stage a nice run, possibly to the top of the flag or even a breakout.