The Cleanest Chart In The Market Is Starting To Crack!
Updated
AAPL is starting to show some signs of weakness, and given XLK's overall importance to the larger US Equities market, this spells trouble. This has the potential to continue higher but the risk right now looks like it's to the downside. Given how extended momentum names are in this market, one should tread carefully with their long positions, especially highly cyclical ones as the virus continues to spread.
Note
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