Friday, January 3, 2014

UTIL Utilities 15-Minute Chart

Utilities came within 13 pennies of falling through the trap-door around 2 PM yesterday but the bulls saved the day once again. If UTIL loses 482.19 at any time over the next 6 trading days, markets will weaken significantly. Note the positive divergence in this 15-minute time frame (green lines) so bears may have to wait until lunch time or later today to make a run lower. The positive divergence should provide lift to the utilities to begin the day. 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.

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