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Reallifetrading
Apr 20, 2016 9:13 PM

XLU warning signs Short

SPDR Select Sector Fund - UtilitiesArca

Description

The XLU is at, or traded into the previous all time high. Formed a tweezer top on a weekly. GREAT place to sell. Honestly, XLU likely in a channel, distribution phase. Buy low sell high or sell high buy low. Looks like a small H&S pattern on the daily. 50/51 May bear call spread is only 7% roi
JUST FYI
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Reallifetrading
FYI
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