Utilities at Short-Term Resistance
In a previous post on March 28, the Utility Sector ETF (XLU) displayed bullish signs on the weekly chart.
Some days later, the short-term chart looks very bullish with a clear resistance in lower pane.
There is a number of heikin-ashi elements that may help anytime:
- consolidation periods (yellow) when indicators are hovering above and below zero
- bullish crossings SMA(3) :: SMA(SMA(3),3) with the anticipated results
- early signals