UTIL Utilities Weakness

Utilities had a very important day today. That 409.60 level was important.  It started with a gap down thru, when 409.60 failed, it failed in a big way. The rest of today the utes tested the level four times before that ascending triangle vibe managed to give it some thrust in the last half hour. There are other small gaps on the way down but the one at 409.60 was a big gap, and price already came up to fill it.  Watch the 409.60 level for UTIL the remainder of the week; if the utes stay above 409.60 the broad market bulls continue to par-tay, if the utes move under 409.60, the broad markets are in trouble. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.