Technology should rebound 16%+ from recent lows

The technology sector should rebound at least 16% from recent lows before April 2019. This rotation in the US equities markets is a very healthy process and my predictive modeling is suggesting that this IS NOT A TOP. We still have a ways to go before I will be calling a top in this market.

The Technology sector is where real share growth has been focused over the past 3+ years and I don't expect that to change. Amazon and others will continue to drive share price appreciation as Q3 earnings are announced and Q4 earnings will likely continue to outperform. Yes, a shift of capital from over valued assets, like AMD and others, may cause some pricing pressures - especially if Cryptos collapse as I'm expecting. Yet, this shift of capital will not abandon technology completely. This recent downside price move is really a tremendous buying opportunity for skilled investors.

Don't let the Elliot Wave charts fool you. Everyone was calling the February top a WAVE 5 TOP. Look what happened. Get ready for another leg higher by early 2019.