ChartPros Market Insights
May 9 Chart of the Day - The Utilities Select Sector SPDR Fund
The Utilities Select Sector SPDR Fund (XLU) seeks to provide investment results that deliver an effective representation of the utilities sector of the S&P 500 Index.
The fund is making headlines this week because it has risen 10 of the past 13 weeks so we wanted to review the chart from a price action technical analysis perspective.
See the upcoming price levels that could provide strong resistance and knock the bulls back down.