XLK trade ideas
short!! XLK it was rejected on 2.618 fib projection on the cent!this is unbelievable almost
a real but early sign that a 9 year bull is maybe over
I see these kind of behavior in many major charts..
I am looking to buy TECS (ETF) it is X3 to the short side I believe.
and so be it
xlk - cryptoDear libertarian crypto fan boys... yes some of you out here.
I would like to invite you to take a look at xlk. Or stocks alligned with xlk.
Do you see the longterm fib?
Do you see the large wick on monthly? = blow off top soon?
Crypto is in the endfase.
Its been fun...
But soon the only thing left in crypto will be giant shorts.
Nothing says we can't reach 10k btc though (would stil be a juicy target).
But it certainly does not have to be like that.
Three weekly Pinbar patterns inside a weekly PRZXLK just completed its 3rd weekly Pinbar pattern inside the PRZ of the bearish Bat I've mentioned in my previous analysis.
Although there are no clear signs of weakness yet... and we are in the summer...this still should be considered as a warning signal for the bulls
and opportunity for bears.
$XLKIf I'm already in the market, I will not close my position now. If I'm out now, I will sit back and watch it for a few days before I jump in. AMEX:XLK
Energy Will Probably Outperform Tech in the Next 2-3 YearsSmaller time frame chart clearly shows the out-performance of tech over energy is topping out, and will probably end in about 2 months.
Starting 4Q 2017, it will be clear energy will out perform tech, and maybe the general market also.
XLK - TECH WILL MOVELooking for XLK RSI to move back into the bullish trend zone and the high fib level to breach - then maybe AAPL will start to move!!
