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Andresa30
Mar 19, 2020 12:54 AM

XLU Long

SPDR Select Sector Fund - UtilitiesArca

Description

XLU is looking good. Demand is becoming more anxious (descending wedge). There is a weekly DZ between 48.50 and 49.50. Price may reach that level and then jump until 200 SMA that may act as a resistance. Volume does not show any signals yet. We will see.
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