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Analysis: #NASDAQ $XLK
Case 245 #Technology_Select_Sector_SPDR Fund
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#XLK 1/4
Case 245 #Technology_Select_Sector_SPDR Fund
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#XLK 1/4
Chart 1
Weekly Chart: XLK has risen 3 fold since 2015 peaking at a high of 102.94 then correcting violently lower, breaking below the 2019 #trendline, but staying fractionally above the #support zone comprising of the #Fib. 0.50, the 2015 trendline and .....
XLK 2/4
Weekly Chart: XLK has risen 3 fold since 2015 peaking at a high of 102.94 then correcting violently lower, breaking below the 2019 #trendline, but staying fractionally above the #support zone comprising of the #Fib. 0.50, the 2015 trendline and .....
XLK 2/4
..... #SMA 200 where buyers were positioned. The long term objective is 131.00 but before that some work needs to be done and a close above 111.00 is required for this to happen.
XLK 3/4
XLK 3/4
