Utilities – July 14, 2024

Utilities banging against major resistance.

electric towers during golden hour

Last post on Utilities: https://bartscharts.com/2019/11/10/utilities/

Got to be honest, this one sure looked like a doozy as the measured moves were really lining up. Thinking about it for a few seconds, this might have been the most spectacular failure of Mr. Trusty Measured Move that I’ve seen.

We are running into stiff resistance … just a wee bit higher and we complete the ABCD.

If the Utilities break above the .786 then the wild wild west continues.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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