XLU (utilities ETF) will be added as an active short trade here within the bearish rising wedge in anticipation of an imminent breakdown with an alternative entry or add-on to come on a solid break below the wedge and intersecting 78ish price support (the BOD support level). Due to the inherently low volatility of utility stocks, the suggested beta-adjusted position size for XLU is 1.8 with a suggested stop above 81.50. Daily chart below.
XLU daily Sept 20th
For those that prefer to go long (i.e.- buy) an inverse ETF in lieu of shorting XLU, SDP (-2x short utilities) will be added as an active trade here within the bullish falling wedge in anticipation of an imminent breakout with an alternative entry or add-on to come on a solid break above the wedge. Factoring the in 200% leverage, the suggested beta-adjusted position size is 0.9 with a suggested stop below 7.50.
SDP daily Sept 20th