Invezted
Short

Markets ready for a short ?

AMEX:XLU   UTILITIES SELECT SECTOR SPDR FUND
79 0 3
The overal market is weakening and approaching a riskwise interresting level to participate in a potential leg down
with:

->the sp500             approaching the supplyline of a pot. downchannel
->xly approaching its resistance
->xlp on a break of the demandline , retesing the broken resistance
->xle trading at its supplyline
->xlf forming a pot. lower high
->xlv struggeling gaining new grounds to the upside
->xlk trading near its resistance
->xlu trading near its resistance

riskwise shorting the sectors close to its resistance like XLU             , XLK            
and the sectors at their supplylines like XLE             would be the best bet...

especially XLE             which is the weakest sector of them all , would be a good candidate to participate in a short play





United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out