06/06/2016 – were rolling right up into the target zone w/ monthly bearish divergence. yes, I still think this is a big deal and begs of caution … in 26,854 days Utilities have never gone farther w/out a major correction. Questions?
going to show this chart again of the Utilities … watch closely, the upper target is pretty darn close. Since the low in the 1940’s the Utilities have never gone farther than this (or close to this – still some upper targets) w/out a major pullback.
