The Salvation of XLU

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So the /NQ is up now, having been down earlier. The /ES is up TWICE as much as the /NQ. And the /RTY is up TWICE as much as the /ES. So it’s another bull’s paradise. The one really bright spot for me is my XLU puts which, God bless ’em, are doing all right.

The longer view clearly shows the diamond reversal pattern and the prospect for a trick down to that major supporting trendline. You’ve got 185 days, baby. I believe in you!