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XLU: sell signal at week 2, low strength and a structure that doesn't cooperate

The sell signal on State Street Utilities Select Sector SPDR ETF is at week 2, but strength at 16 out of 100 and a still-bullish weekly structure make opening a new short high-risk per our model.

In Summary
The sell signal on State Street Utilities Select Sector SPDR ETF is at week 2, with strength at 16 out of 100 and fading — a ranking position that reflects this weakness. Our model flags trading as not recommended: the weekly technical structure has not broken down, and the price still operates well above the 200-week moving average. A situation to monitor, not to trade.
Sell signal in observation ·1st week from start ·US stocks ·T2
IQS Phase
56
ordinary
Signal Strength
16
low · fading
Sizing
MINIMUM
Ranking
#39 / 80
US stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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