On the weekly Relative Rotation Graph, the rotation still favors almost every sector over Technology. I discussed the opposite rotations between weekly and daily RRGs in last week’s video, which you can find here. Real Estate Working off this weekly chart, many tails are drawing attention to themselves. First of all, XLRE has the longest tail and is powering into the leading quadrant, showing that there is a lot of strength behind this move. This is confirmed on the price chart, where XLRE is breaking above horizontal resistance, which frees the way for further appreciation. The next target for XLRE is the peak at 46, which was set in August 2022. Utilities The second one is Utilities, whose tail has sharply rotated back up toward the leading quadrant, signaling the start of a new up-leg within the already established relative uptrend. Utilities broke above horizontal resistance a few weeks ago…
