Utilities On Deck
Image Source: Unsplash
As boring as the Utilities are, it is just about the only symbol around that has been steadfastly following the rules. The diamond pattern is still absolutely intact, and the series of lower lows and lower highs has been in place for years. This might not be a bad place to get short the XLU:
(Click on image to enlarge)
Here is the longer-term of the Dow Utility 15 itself, illustrating the diamond well.
(Click on image to enlarge)
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