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Once Utilities ETF (XLU) broke support line (1) it fell hard back in 2008/09.  The rally off the 2009 lows took XLU back up to resistance line (1) of late.

Now XLU is losing power and breaking support.

Is XLU sending a message that the broad market is about to lose power?  Stay turned!

 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past