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rph2750
Jan 8, 2019 7:04 AM

XLU Short 

SPDR Select Sector Fund - UtilitiesArca

Description

Utilities always take a hit with rising interest rates. Here we are in a downtrend and a wedge triangle forms and cannot get past long-term support which has now become resistance. Targets at both at recent low for a quick two pints and then at next LT support and Fib extension at 48.58, for another ~ 2-3 points
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