UTIL Utilities Weekly Chart; 50-Wk MA Ruptures at 983 Opening the Trap-Door Ushering in Bad Things for the US Stock Market Ahead

Mayday! Mayday! The utility trap-door opens and stocks fall through as previously explained. This is horrific news for the US stock market and portends very bad things today and moving forward for equities.

Danger Will Robinson! Danger! The stock market is in a crash profile right now. The only thing that can save it is the bulls pushing UTIL back above 983.39. This is fun. There must be a comeuppance for all of your greed. 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 11:54 AM: UTIL is at 982.53 and the 50-wk MA is 983.41. This is a back kiss. The bulls need to regain 983.41 or they are going to be bludgeoned with dull knives by Carrie.

Note Added 12:08 PM EST: UTIL recovers above 984. The trap-door is re-secured. Stocks recover with indexes turning positive. Cats and dogs are playing together. Nothing to see here, move along, move along, break it up folks, nothing to see, nothing to see, move along now. Watch UTIL 983 like a hawk because the stock market will dive off a cliff if the 983 fails.

Note Added 12:12 PM EST: Here is the back test from the top side with price coming back to 983.60 with 50-wk MA at 983.44. It is time to bounce or die again. What say you Mr Utility. How is all that AI build-up going? Does it look like you are wasting your money?

Note Added 12:14 PM EST: Yinz will have to watch it. Price is 983.46 and the 50-wk is 983.46. The fate of the US stock market for months ahead is hanging by a thead. Looks like a sneaky bounce again. Keep watching it.

Note Added Thursday Morning, 3/6/25, at 4:10 AM EST: UTIL finishes the day at the 989 palindrome. Nothing to see here, people, move along. The trap-door is shut and the bulls live to fight another day. Watch UTIL 983 closely because if it fails, and the trap-door reopens, and you are long stocks, you are going to lose a lot of money.

Note Added Thursday Morning, 3/6/25, at 9:44 AM EST: Utilities collapse at the opening bell. UTIL drops to 970. The trap-door opens and the stock market is annihilated. You ain't seen nothing yet. The stock market may crash. Be very afraid. It's fun. The SPX is down 90 points at 5752.

Note Added Saturday, 3/8/25: The bulls manage to once again close the trap-door so the opening to Hades that leads to the Lake of Fire is temporarily avoided. UTIL ends the week at 991 so the drama continues next week. For now, the significant crash in stocks is avoided but if you see UTIL 983 fail again, the US stock market will likely have a religious experience (crash).