Utilities reversal?
Rising interest rates put utilities under pressure.
Ideal scenario is a test of the 200 EMA with intraday reversal, bullish candle close and XLB showing some signs of bottom as well.
Ideal scenario is a test of the 200 EMA with intraday reversal, bullish candle close and XLB showing some signs of bottom as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.