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ContraryTrader
Feb 26, 2023 5:08 PM

XLC - Meta, NFLX,Google Long

The Communication Services Select Sector SPDR FundArca

Description

Pulled back since my last post..
Forming a falling wedge here, Daily money flow indicating a nice pop incoming here.

Google is also forming a falling wedge and NFLX is outside its daily Bollinger bands. I think this sector and the stocks included push the nasdaq higher this week.

Closed directly under its 200sma ,

Strong Support is at 52.30 - Fib + 50sma


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