SELECT SECTOR SPDR UTILITIES SECTOR ETF - XLU
Monthly chart shows price below the 8ema and the up trendline. Look for re-test of the 34ema and lower.
Weekly chart shows indecision and consolidation towards the current low. No buy signal/pattern evident on this timeframe.
Daily chart better shows the consolidation range. Look to next week for better direction and next major move.
Saturday, March 15, 2008
Utilities Sector Update for 03.15.2008
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