The_Unwind
Short

XLK Potential Bull Trap; " Bearish Throw Over" Pattern.

AMEX:XLK   SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT SECTOR USD DIS
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The S+P Technology ETF XLK experienced a "Bearish Throw Over" Break to the Downside
on 6/25,pattern noted often by Trading View trader Geoff,
occurring when price breaks above resistance, trading above it for multiple days,
only to break back below it, dropping price back into the previous pattern,
and with it, a potential " Bull Trap " now exists on the XLK chart.
NYSE FANG Index has a similar pattern building , as big technology shares reversed from their recent break to the upside.

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