The Utility Fish

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This isn’t the first time we’ve seen the peculiar “Ichthus” pattern (it’s not real; I made it up back in 2015) on financial charts, and here it is again on the Dow 15 Utilities. I’ve sort of given up on the $UTIL behaving itself properly, but I still find this fishy pattern to be fascinating, so long as it continues to respect the trendlines which comprise it.