Tuesday, August 22, 2017

Asset Rotation and the SPY

Utilities (XLU) were bottoming in early July and were in an uptrend since then.Consumer discretionary ETF (XLY) topped in late July after a rejected breakout and is in a downtrend since then. After these worrisome signs SP500 (SPY) had a false breakout in the beginning of August. Now both XLU and  XLY are at an important level.  

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