Breaking down its Flag Short

SPDR Select Sector Fund - UtilitiesArca

Description

⋅ May 16, 2018 3:03 PM

- in weekly chart, it broke down from 5-wave Rising Wedge
- after consolidation in a small flag from Feb 2018 till now, it chose to break down again
- it is on the way of BIG C targeting $46 or even lower $42
- set stop at 49.83