As you can see this Pitchfork shows just how strong of a Bullish Trend the Technology Sector has been in for the last 20 years.
Price finally reached a point of Peak.
Now, this doesn't mean the top is in but rather shows just where we are in the cycle.
Price isn't at life-changing levels anymore, at least based on the previous 20-year trend.
In fact, the Price is still a great deal away from the 200MA.
Hedge Funds and high-level investors are well aware of these levels.
As we head into a slowly economy filled with many unprecedented macro challenges, growth will be limited.
That's not to say there won't be light at the end of the tunnel, there certainly will be.
The question is...
Are we already on the other side or are we just beginning?
Price finally reached a point of Peak.
Now, this doesn't mean the top is in but rather shows just where we are in the cycle.
Price isn't at life-changing levels anymore, at least based on the previous 20-year trend.
In fact, the Price is still a great deal away from the 200MA.
Hedge Funds and high-level investors are well aware of these levels.
As we head into a slowly economy filled with many unprecedented macro challenges, growth will be limited.
That's not to say there won't be light at the end of the tunnel, there certainly will be.
The question is...
Are we already on the other side or are we just beginning?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.