I showed on the last post on XLU (Utilities ETF) the rising wedge pattern (bearish) (Click Here) ! and to watch for the red line to be broken ! XLU broke the rising wedge, which is very bullish for SDP (Double short XLU). I see more weakness ahead for XLU until at least the $25 level in the intermediate term. Buy SDP on weakness.
XLU : Utility Spdr.
