UTIL Utilities Critical Support

For this week only, if the UTIL price remains above 397.39, the bulls will continue to wrestle back control of the broad markets and the indexes will favor sideways to sideways up behavior.  If the 393.31 level is lost, the broad markets will go into free fall.

The psychologic value of the 400 level cannot be underestimated, thus, for this week:

If UTIL stays above 400, the broad markets will favor the upside.
If UTIL moves between 397.39 and 400, the broad markets will favor sideways behavior.
If UTIL loses the 397.39 level, accelerated selling will come into the broad markets.

If UTIL loses the 393.31 level, the broad markets will go into free fall.