SPDR Select Sector Fund - Utili
Investment Thesis
XLU broke below its 200-day MA ($44.03) on June 1, staged a feeble bounce to $44.35 that failed to reclaim that level, and has since dropped back to $43.52 — a textbook failed retest of support-turned-resistance. Persistent relative weakness vs. SPY confirms the sector is firmly out of favor.
Why It May Work
Why It May Not Work
Timeline
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