Utilities at Short-Term Resistance

April 3, 2012

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


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