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SPDR Select Sector Fund - Utilities
Short

Descending Channel on the ETF: XLU

58
Already formed the descending channel with more than 8 points. The price is touching now the top line. The price should go down in the next hours and we will open a short position near to 47.74 with stop loss close to 49.56 and take profit over the 42.14; Chart: 1H
Manuelsilvat
Descending Channeldownward-channelParallel ChannelSupport and ResistanceTrend Lines

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.
Descending Channeldownward-channelParallel ChannelSupport and ResistanceTrend Lines
Manuelsilvat

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.