UTIL Utilities Daily Chart Negative Divergence M Top

Utes require close watching moving forward.  The double top, same as an 'M' top, is clearly visible.  The red lines show firm negative divergence and this is repeated for the weekly chart, a very ominous set-up.  Keystone talked about shorting utes before the holiday and holds a short position against the utilities. The Tuesday spank down occurred from the negative divergence and today we see if it continues.  The most substantial moves lower for broad markets result from utilities leading to the downside. Pay attention to UTIL. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.