SPDR Select Sector Fund - Technology XLK

moneyflow_trader

cup and handle forming.. will be shorting the handle to the .236 fib level

John_Sanders

The technology sector has played a leading role in powering the market's gains over the past couple of decades. Tech's ability to shape almost every industry means the sector remains one of the best starting places for investors seeking big gains, even during this bearish market. My top pick for this sector is MNDT, a cybersecurity disruptor that is a winner...

Aaron_Abraham Pro+

Uptrend break of structure Waited for pullback brought calls on continuation RR 3:1

02:14

mjmassens Pro+

Tech sector showing lots of relative hidden strength compared to the rest of the market. Expect Nasdaq to lead the next bear market rally.

Romaric_T

Thoughts ? I'm not that experienced of a trader, but that looks pretty close to the pattern imo. Not 100% exact ofc but when is it ever.

loxx Premium

XLK $XLK Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.

chrisjlee84 Pro+

XLK / XLP coiling. Decision should be made soon. Need to wait to see break to up or downside; vol is still uncertain as well

anthonya513 Premium

Could this be the rotation to tech ? offense vs defense ?

NAK1987 Premium

Wedge drop entry on XLK as market resumes RTM Entry 136.8 Stop 141.06 PT 1 - 132.52

NAK1987 Premium

I would consider this a C trade. Here's why Cons 1) the stop is far , 2) missed the little pop at the end of day , could have had a slightly better stop vs entry distance ( I did enter in final 30 min per my rules , however ...) 3) we have not cleared the range, big bars are common in ranges . 4) LL , DB , MTR could be a possibility , would have rather...

DRWN_biz Pro+

Inflation has peaked, but maybe not. a 0.75 hike is incoming, but maybe not recession is coming, but maybe not Too much fear and agenda. Reality is not that frightening

TradersForecast Premium

XLK reached pitchfork support line and is expected to start going up (the market as well for that matter, as other symbols such as TQQQ show this).

TheLazyBrother Premium

After tracing 5 down, XLK made a-b-c to the upside. Sell on strength.

TheLazyBrother Premium

XLK could have completed the impulse to the downside, with some possibility left for one more poke . At least that is what the divergence in momentum is suggesting. Two gaps, conveniently located at fibonacci levels shouls serve as resistance.

bsdvs23 Premium

As the growth sector #XLK and #NDX makes lower lows there are spots of divergence displaying, which could pose as some upward impulses this week. In that case it could help to normalize a temporary ‘higher low’ in terms of the holistic outlook. My TradingView charts (found at #bsdvs23) have mostly been bearish across the board with a few ‘potential’ bullish...

TheLazyBrother Premium

In my book, and for what it's worth, this is a clear five wave impulse to the downside. No overlap, textbook alternation between waves 2 and 4, following a well defined trendline. Resistance should be at 156-158 area. It is certainly worth paying attention to further developments in XLK, as there will be no advance in major indicies without the tech sector.

lauralea Pro

Short entry with a break of the neckline and a confirmed downtrend. Possible stop above the neckline for short entry. No recommendation. 1st shoulder is 160.13. 2nd shoulder is 164.10. Head is 177.04. Targets in larger orange type are targets 1. If price goes below this, the targets in smaller type are targets 2.

Breakout_Charts Premium

While these two charts aren't the same, they are very similar. The top chart is a ratio chart of ARKK vs Berk.B. The bottom chart is a ratio chart of Tech vs Energy. If the top chart is any indication of the overall trend, then there's plenty of upside in energy still. The downside of ARKK vs BERK.B overshot the minimum downside target. This is a logical area for...