$SO $XLU Utilities bullish reversal possible.
Going long utilities through the XLU and SO.
*Not trading advice - Your trade, your responsibility.*
*Not trading advice - Your trade, your responsibility.*
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Losing some of my patience. But...here is a bullish wedge... Let's see how it reacts when hits bottom, needs to hold this 47 level.
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Looking at a nice weekly reversal candle. And the CMF shows a potential cross above the 0.00 - showing accumulation. Utilities look like a great opportunity.