Possible setup for Short...

2 янв. 2017 г.

With the trump inauguration around the corner, i think XLI might take all the fame away from XLU.. The 52.77 resistance point has been retested and failed which is why we are in this downtrend.. But it seems as though we are turning out of the downtrend and it seems as though we will be bullish up to the 52.77 resistance.. Look for possible pullback in to about 47.50 and than it will hopefully begin steady uptrend. Once it gets there im expecting it to drop and retest once again and fail again because stoch will be worn and people will probably pull out considering it failed the first time...