Saturday, August 5, 2023

UTIL Utilities Daily Chart


Utilities remain in failure mode forecasting doom and gloom for the US stock market in the weeks ahead. If you are long the stock market, you should be very afraid. 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.

Note Added Saturday, 8/19/23: UTIL drops to the 878 palindrome. The SPX drops from 4607 to a low at 4335 over the last 3 weeks a -5.9% retreat. Good luck to all of you.
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