XLE: seven closes above its second monthly target, quarterly tarState Street Energy Select Sector SPDR ETFBATS:XLEmyfractalrangeEnergy (XLE) closed Wednesday at 68.16, its seventh daily close in a row above the second October monthly target at 66.38. The monthly, quarterly and yearly biases all point up, and our trend reading is bullish with momentum up. The next level is the quarterly target at 72.95, which sits above the current short-term range (top near 70.18), so a long-side process holds here rather than adding. The line to hold is 66.38 on a daily close: a close back under it would cancel the move. Energy and health care lead our sector list this week while semiconductors lag.