AMEX:XLU   SELECT SECTOR SPDR TRUST AMEX UTILITIES SELECT INDEX
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XLU is ranging around $46-$47 right now and developing a shampoo pattern ( head & shoulders ) on the 1 Year chart. I sold a straddle and I'll get out as soon as I can.

Each support and resistance has a roughly twin shoulder going back to Feb.

Temporarily neutral to allow the formation to develop.
Trade closed manually: Closed early. Don't like today's breakthrough.
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