I believe so, it can still hit $180 levels, but the sector $XLK is down over 12% since Sept high. On September 21 there was high which was a good signal of what to come. Earning may have triggered the sell off but smart money exited or shorted last two weeks of September before the printed its 52-week high. Now, I am adding small positions for a possible bounce back to $195 area with stop loss at July Low. Good Luck!