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Utilities Signal test of All Time Highs
SPDR Select Sector Fund - Utilities
Utilities Signal test of All Time Highs
By SPYvsGME
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Sep 2, 2022
6
Sep 2, 2022
It's always about power.
Utilities are eyeing all time highs.
With this mornings sell off, XLU formed an inverse head and shoulders.
The 162% profit target for the structure lines up perfectly with an Ascending Triangle forming on the daily and all time highs.
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Ascending Triangle
Head and Shoulders
headshoulders
Trend Analysis
utilities
SPYvsGME
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