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Dr_Roboto
Jun 24, 2021 2:09 PM

Technology overextended since July 2020 & may go until November  

SPDR Select Sector Fund - TechnologyArca

Description

This is about a simple as it get from a TA perspective. Tech broke the 2009 channel back and July 2020 and has not looked back since. Given its current strength and trajectory it could keep running all the way to November before we see another pullback. The air is really thin up here, but investors don't seem to care.

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Comments
peterbhc
The RSI is over bought on 1D on NDX and keeps climbing, this is crazy!
Dr_Roboto
@peterbhc, still has 10% to go, at least
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