SDP ultrashort utilities weekly chart showing oversold conditions, falling wedge and positive divergence which means time to head back up. Since SDP is the inverse of utilities than UTIL and XLU should be rolling over and selling off in the weeks ahead.
The most intersting aspect is that the utilities tend to lead the overall broad markets, thus, if SDP starts to move back up as the divergence above suggests, than the overall broad markets will be seeing some rough seas ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.