AMEX:XLK   SELECT SECTOR SPDR TRUST TECHNOLOGY SELECT SECTOR
Whats up Traders

I posted on this one previously - if the day closes correctly, we will have broke support below a rising wedge / uptrend.

I love this ETF as a short or options put. Leading into the Elections - the tech sector going to come under heavy fire. . . Expect Threasts, Talks, Balks at serious regulation.

And that's my two satoshi's.
Comment: Killed this trade - Looking to close out soon and TP's.
Comment: A golden ratio retrace - to about 73.63 would be fitting after this leg down.

If it bounces at or around that level - i expect continued declines.

Disclaimer - we have taken profits on this trade already.
Trade closed manually
Comment: This trade has been live for our premium members.

It has been a bumpy road, however, i am still very bearish on this, especially as an option, through November.

Primarily, I expect a lot of tech bashing during the midterms.

WE will also be looking at the charts of the newly minted XLC Fund, for options shorting during the midterm time frame.
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