Technical Analysis of STOCKS & COMMODITIES
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ARTICLE SYNOPSIS...XLU has been in a bull market trend since 2002, but that trend looks to be ending with a head & shoulders trend reversal pattern.
ARTICLE SYNOPSIS...XLU formed a head & shoulders major trend reversal pattern and has hit the price target based upon this pattern. Is XLU now ready to bounce or will it continue lower?
Utilities Select Sector Consolidates At Previous High Resistance
ARTICLE SYNOPSIS...The previous high in XLU was at its all-time high. The security is back to its prior high pivot and is now accumulating the strength for a further surge.