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EBITDAtiger

Head & Shoulders Pattern on XLK

Short
SPDR Select Sector Fund - Technology (AMEX:XLK)  
EBITDAtiger Updated   
AMEX:XLK   SPDR Select Sector Fund - Technology
Head and Shoulders Bearish Patterns bulltrap XLK technology bubble bubblemarket
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headandshoulders bearish bulltrap xlk technology bubble bubblemarket
It appears a head-and-shoulders pattern is beginning to form on the XLK. If the right shoulder fully forms, look out below!
Comment:
More apparent on the daily chart. IF the right shoulder forms, it looks like the drop will not occur till the end of this week or next week. Be wary and do some upkeep on your hedges, remember the neighbors are nice but they don't need to see and hear everything.

snapshot
Comment:
Watch out! Down she goes. I have a vertical put spread on it gonna ride this down to the $127-128 level.
snapshot

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