Related Link: 4 Sector ETFs Nearing Support SPDR Energy Energy Select Sector SPDR ( ETF ) (NYSE: XLE ) is down 25 percent from its June 2014 high as spiraling oil prices hit the related stocks. The potential for deflation in the continent along with slowing growth has led many analysts to believe more stimulus is the only option for the European Central Bank (ECB). RSX has been attempting to build a base the last few weeks, but with oil continuing to fall and the Ukraine situation unsettled, the risk remains elevated for the ETF.