SPDR SELECT SECTOR FUND - TECHNOLOGY AMEX:​XLK

Looks to me like everyone is piling into xlk. Look at the chart for $msft $aapl $amzn $nvda $nflx They all look virtually the same. No individual price discovery, just mob mentality. Be careful. all have negative RSI divergences. When everybody is on one side of the boat.....

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XLK reversed from the PRZ of the bearish Gartley Pattern after clearing all three targets. However, it quickly moved back into PRZ and stayed there. If the Terminal Price Bar (labelled as D) will be violated, the price will go higher with the predominant trend. Watch out for 70.42.

Tech looking poised and strong while coiled over an 8 day trading period. Looking for a continuation in XLK.

XLK had a nice breakout play from breaking out of the downtrendline :)

XLK Charted this previously awhile back and it seems that the bias is an upward breakout.. looks like Tech is back in play

Ofensive Sector (Tech + Discretionary) vs Defensive Sector (Utils + Staples) on SPX index.

XLK is looking pretty interesting as well and as the price consolidates, usually we will see a breakout.. Let's see which direction it breaks out to

waiting for strong volume and break of B leg to .382 fib level

Last advance of technology set a new high. The big question is that THE TOP or just the first of 5 up waves to THE TOP. As usual I don't know. In the meantime I think there is a good chance the gaps will be closed. One is at the .62 retraction level. The other at the .78 level. Process your way. 1X bull XLK 2X bull etf: ROM. bear REW 3X bull etf: TECL. bear TECS

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Technology sector is at a Weekly Fib Suppport. 1 Price Projection, 2 Retracements.

Facebook has been in the limelight for tanking cause of the news , but this chart shows that the tech sector has been tanking for a while now, will it continue I don't know but my outlook is bearish until price breaks through 68.37 in XLK

XLK found short term support here on the monthly support line back in February. This is a risky area for sure. Tech leading the down move is not good for a long term bounce in the markets.

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Head shoulders has already been there. Set up the price around there the arrow from and short to the point where it is at.

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