XLU Bearish Divergence Patterns

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SPDR Select Sector Fund - Utilities (AMEX:XLU)

AMEX:XLU SPDR Select Sector Fund - Utilities

Trend Analysis Trend Lines Technical Indicators rsi_divergence bearishdivergence

trendanalysis trendline indicator rsi_divergence bearishdivergence

XLU seems to develop bearish divergences that push the price down towards this bullish trend line (in the purple). The bearish movement could take some time to develop. We could see more bullish movement in the short term.

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