Utilities @ 40Wk Low Soon?

XLU looks to be at 40Wk low soon. Just a heads up in case it helps anyone. The last 20W low was definitely mid-June, but there are a few spots where the 10W could have landed. So, one would have a better idea of when the 40W could land depending on their analysis of the last 10W low.

Best,

LB

Where is your chart?

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I believe the 80week low was in June and that we are starting week17. IMHO buying 49-50 would be appropriate with stop under 47.

Oddlot1882

Thanks for posting your analysis Oddlot! I always appreciate the interactions on these boards. Thanks!

Best,

LB