Markets ready for a short ?
->the sp500 approaching the supplyline of a pot.
->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