The Bat pattern I've mentioned in the past for XLU was completed last week. As you can see there was minor bearish reaction to my harmonic sell zone. XLU is very close to 50$ so we may see it try to touch this psychological level.. that's usually what happens. The bearish scenario for XLU requires a stop loss above 50.5$ with nice R/R as I aim for 47$ as my first daily target zone and 45$ as secondary
Tomer, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters