SPDR Select Sector Fund - Utili
Investment Thesis
XLU has bounced off its Aug 6 low straight into a tight resistance confluence (200-day SMA, a 3-touch swing zone, and the 50-day SMA) on contracting volume, while its relative-strength ratio to SPY sits at a 250-day-low RSI extreme — a weak, low-conviction rally into overhead supply inside a range/weak-trend regime.
Why It May Work
Why It May Not Work
Timeline
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