Elliott Forecast - SPDR Utilities Select Sector ($XLU) Is Poised To Rally Soon From a Blue Box Area

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Elliott Forecast

Daud Bhatti

SPDR Utilities Select Sector ($XLU) Is Poised To Rally Soon From a Blue Box Area

Hello Traders! Today, we will look at the Elliott Wave structure of SPDR Utilities Select Sector ($XLU) and explain why the stock is bound to end a cycle and bounce soon.

The Utilities Select Sector SPDR^® Fund seeks to provide investment results that correspond generally to the price and yield performance of the Utilities Select Sector Index. It seeks to provide precise exposure to companies from the electric utility, water utility, multi-utility, independent power and renewable electricity producers, and gas utility industries.

03/10/2023 1 EN

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Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Analysts

Daud Bhatti

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SPDR Utilities Select Sector ($XLU) Is Poised To Rally Soon From a Blue Box Area

BABA Stock: Forecasting the Rally from the Equal Legs Area

Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

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