EXC

Exelon Corp. backed away from 38.2% of the Dec 2015 low and the all-time high once again up at 51.00. The current break from there has taken them right into 38.2% of the Dec. 2015 low, this level is 41.32, also in this area is 61.8% back to the 2/15/2019 low, this level is 41.63. This is the area that has to hold to keep the current trend positive, if so look for a return up to the 51.00 area. With a couple closes below 41.32 the long term retracement up at 51.00 takes hold again and the next target is 35.20, this is 61.8% back to the 2015 low.

EXC