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Watch Dow Utility Trend Lines

DJ:DJU   Dow Jones Utility Average Index
A break of the DJU trendlines could determine its course for the next several weeks.

A break above the DJU declining trendline from the December 2022 peak could open the door for a rally to 1,000.

A break below the DJU rising trendline from its October 2023 bottom could trigger a move back down to the October 2023 bottom.

A move below the weekly RSI moving average could be an important confirming sell signal.

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