IDU is tracing down the initial stages of a primary wave 3. This move should be long and strong and prices should go below 110. A move above 153 invalidates this scenario. FOLLOW SKYLINEPRO TO GET UPDATES.
A good time to update the Utilities chart as it makes its first appearance here on Tradingview. The strength of the rally in cyclicals this month has been nothing shy of impressive but we are now heading into resistance.
Defensives still look relatively strong, despite technical patterns starting to top in things like Consumer Staples:
The map is clear...
