I agree with the trend being one's friend. The last few times...

I agree with the trend being one's friend. The last few times SXY reached a higher high off the back of a particularly active trading day, it took a breather the next day and then eventually found a new range with a higher low. Excuse my amateurish attempt at TA; I'm more of a FA kinda guy and originally bought into SXY off the FA strength I saw at the time.

It seems like we may be finally out of that holding pattern SXY was in for a while, where the price really was range bound. Whether a significant announcement pushes SXY well beyond its current range, or it settles into a new range remains to be seen.