The Utilities SPDR (XLU, Financial) is approaching crucial pivot points that may influence its trading direction. Calculated using the DeMark method, the pivot high stands at $78.77, while the pivot low is set at $77.18. These levels are significant indicators for traders, as breaking above the pivot high often signals a bullish trend, whereas a decline below the pivot low suggests a bearish movement.
These pivot points provide critical markers for investors looking to gauge the future movement of XLU. If the stock moves beyond these thresholds, it may set the tone for upcoming trading sessions, potentially influencing broader market strategies.
