the first sub-target was the uptrend line and now that the T1 horizontal support line has been hit, i would expect at least a near-term bounce in XLU (which it appears that we are getting). this meshes well with the EXC trade since EXC is in the utility sector, and as such, could put some wind in EXC’s sails. i will move this to the completed trades section for now and watch for a possible re-enter if/when T1 breaks. longer term swing traders could hold out for T2, using the appropriate stops. just remember if using the SDP (2x short ETF), that leveraged ETF suffer from decay over time. my preference is to used the leverage ETF’s for relatively short swing trades.
