XLU buy 49$ Strike Call.
-I'm XLU .
She really looks like to me she struggles mightily when the downslope of the 50 period is approaching the long term trend line. Once the 50 period touches the long term trend line, a much more bullish move ensues. Will she do it again for us? As of yet unknown, but given recent history, she appears inclined to bring that 50 period down to the line and trade below it, before really making that move.
If I get back in regarding today's sell down, I do not see how it survives without a $48 or lower Stop on her. If her pattern repeats though, it's looking more like 150 days to bring the 50 period down to the line.