CTA for XLU as of 2024-01-16

CTA for XLU as of 2024-01-17

MTP for XLU as of 2024-01-17

Chart for XLU as of 2024-01-17

The CTA report suggests the longs may be reducing their positions, and the MTP report has shown several days of sell signals. Friday (the 12th) saw a full candle below the 9SMA, so the max buy signals on the longer timeframes of the MTP report might be at their top?

Had bought a PUT at open yesterday (the 16th) to see where that leads.