the XLU short continues to play out nicely. this one was posted off the recent highs and is good for about 6% so far (using my preferred proxy, SDP, the 2x short utility sector etf). i’d expect some type of bounce soon off either the rising trendline (bottom of wedge) and/or horizontal support at T1. depending on what i see, i may or may not cover there and decide to hold out for a wedge breakdown and run down towards my next target (T2).
