XLK/XLU Short. Look to add to any bounce above 40
XLK/XLU has broken medium term support going back to March 2020. Rallies back here should be sold, as resistance on the top side includes short and long term fib, 100 and 200 day moving averages, and very long term trend line resistance dating back to 2018.
Fits in with my view that deflation still going to get worse, and a banking crisis is coming. Very good levels to short this in next 2%-3%
Fits in with my view that deflation still going to get worse, and a banking crisis is coming. Very good levels to short this in next 2%-3%
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