Da UTES Break Da Wedge

The Utilities index was shown for subscribers in NFTRH 334 before it had broken out of its bullish looking Wedge.  The index had drifted down to support and if one was bullish on T bonds (bearish on interest rates) one might take a trade on a Utes bounce or rebound.  The ETFs noted were VPU and XLU.  So far so good.

util
UTIL Daily from NFTRH 334

Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow @BiiwiiNFTRH.

Gary

NFTRH.com