UTIL Utilities Intraday One Minute Chart

UTIL utilities touched a 405 handle this morning. As long as UTIL stays above 404.99 during this weeks trading, the broad market bulls have nothing to fear overall. If, however, you see UTIL lose a 405 handle at any time over the next four days, now above by a point of two, the indexes will accelerate to the downside. 

This intraday chart favors a rising wedge and sideways action moving forward thru sandwich time, but is agreeable in its posture to move south to test the intraday low of 405.98 again today. Perhaps this LOD test will occur in concert with the New York Fed releasing the new POMO schedule at 2PM EST. 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.