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XLK broke out of upward channel

Short
SPDR Select Sector Fund - Technology (AMEX:XLK)  
FiboTrader1  
AMEX:XLK   SPDR Select Sector Fund - Technology
Trend Analysis Chart Patterns Technical Indicators technology
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trendanalysis chartpattern indicator technology
Look for XLK to retest what was once the support line at $114 . First target is $104 (the high from February) and the 2nd target is $100. The bears are in control, so look at this as a shift from a bull market to a bear market going into the end of the year. Long term target is low 90's to high 80's.
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