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andrewunknown

Tech Flashes Red As L/T Overbought State Burns Off.

SPDR Select Sector Fund - Technology (AMEX:XLK)  
andrewunknown  
AMEX:XLK   SPDR Select Sector Fund - Technology
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XLK's rising cyclical trend line off the late 2008 lows is nominally broken. After a sustained period >70 RSI, sliding further below: this momentum cross has marked a major top in the preceding cycles.
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