Investors and traders keeping an eye on the Utilities Select Sector SPDR Fund (XLU, Financial) should note the key pivot points identified through the DeMark analysis. The pivot high for XLU stands at $78.55, while the pivot low is at $77.08.
In technical trading, surpassing the pivot high of $78.55 is often seen as a bullish indicator, suggesting an upward trend may be emerging. Conversely, a fall below the pivot low of $77.08 is typically considered bearish, indicating potential downward momentum.
These pivot points serve as critical levels for traders, offering insight into potential shifts in market sentiment for XLU. Monitoring these thresholds can provide guidance on possible price movements and help inform trading strategies. As the Utilities SPDR navigates these levels, market participants will be watching closely for breakouts or breakdowns that could signal broader trends.
