Get started
patterntrader

XLU Utilities fund: Waiting for a structural breakdown

Short
SPDR Select Sector Fund - Utilities (AMEX:XLU)  
patterntrader  
AMEX:XLU   SPDR Select Sector Fund - Utilities
XLU xluutilitiesfundshort xlushort spdrfundshort
12
2
xlu xluutilitiesfundshort xlushort spdrfundshort
XLU is a massive, highly liquid fund that only invests in utility companies that are included in the S&P 500. It is one among the cheapest and most liquid options. I am expecting a structural break down. Will only enter if the relative upward strength or the volume of the pair runs out. I have identified the same structure on RSI below. Have a look.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.