TECHNOLOGY SELECT SECTOR SPDR forum
2025 Q1 sector analysis.
XLE is the top performer,
XLK the loser by far. Mean reversion trade: fade energy, get long tech
QQQ 🔥tradingview.com/x/YajyAgET

Breakout or rollover?

Trend is your friend here, don't be dumb and fade it.

Watch for a double top right at the edge of channel resistance, which might signal a nice play to the downside to the mean or to the lower edge of the channel, or even VWAP anchored to the October 2022 low
tradingview.com/x/5xRM00V9/
Another reason for caution is that IWM, a sort of risk-on measure index, is looking very weak. It sometimes leads the other indices, and it was one of the earlier indices to start this bear. Can markets really rally back to all-time highs when not all indices are participating and inflation remains sticky and cracks are starting to show in the economy? Price is king, but there are reasons for doubt.
In the near term, keep an eye on this channel as well as the August 2022 highs.