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SPDR Select Sector Fund - Technology
Short

Techonology relative strenght does not look promising

40
XLK XLK has been lagging and the Relative Picture agains SPX does not look promising. The triangle-like pattern is not good for the sector that has been the fuel for the stock market.

Not a short view yet for me, but a cautious one.
SensumCommunem
“Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece.” ― Ralph Charell
Also on:
Support and ResistanceTrend LinesWedge

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.
Support and ResistanceTrend LinesWedge
SensumCommunem
“Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece.” ― Ralph Charell
Also on:

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.