Utilities Break The Wedge

Da Utes Break Da Wedge

The Utilities index was shown for subscribers in NFTRH 334 before it had broken out of its bullish looking Wedge. The index had drifted down to support and if one was bullish on T bonds (bearish on interest rates) one might take a trade on a Utes bounce or rebound. The ETFs noted were VPU and XLU. So far so good.