XLU may continue its advance only if interest rates have already peaked; a rising 20-day moving average is providing support for the group.
Bullish
“The Setup for a Year End Rally Is Getting Stronger”
StockCharts TVPublished Oct 22 · 1 passage
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Therefore, if the rates have already peaked, we may see a continuation of the movement in the XLU index. I placed these two green arrows just to make you aware of the 20-day moving average that is rising and providing support for this group.
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