Completing A flag!....looks like a Sound Signal to long DJUA! Chat tell us to buy DJUA & is a good signal for shorting Dollar Index!
DJU
Sector early indicator? Not usually: Health, Utilities & TransptThe Healthcare sector, Utilities sector, and Transportation sector - here represented by the S&P Health Care Index (S5HLTH, in blue), Dow Jones Utility Average ( DJU, in purple), and the Dow Jones Transportation Average (DTX, in orange) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... except perhaps for DJU falling from a peak in Jan 2015 (DTX a little earlier in Dec 2014), and DJU again in Dec 2017. (Around the turn of the century, DTX also peaked fairly early - in 1998.)
Sector early indicator? No: Health & Utilities, not usually.The Healthcare sector and Utilities sector - here represented by the S&P Health Care Index (S5HLTH, in blue) and Dow Jones Utility Average (DJU, in purple) - do not usually act as early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... except perhaps for DJU falling from a peak in Jan 2015, and in Dec 2017.
DJU Utilities Short OpportuintyDow utilities index ended the week at 711.
If it breaks above 713 - 38.2 Fib Retracement-, it is likely to test Fib 61.8.
We plan to short DJU at Fib 61.8 - 732.02 -
Note: Bearish Swan at 729-732
