Where Is The Tech Sector Headed This Week?
I would love to say I'm Completely bullish on this. The chart shows consolidation at a key level, which could mean we will breakout to ATH's soon. However, the RSI just broke an important trend line and is near the top line. In addition to that, we have many more earnings dates this week, which could be a bearish sign. I think the most likely outcome here is more consolidation. Last week was a major earnings week and we didn't take too big of a hit. However, I would remain mindful of the fears of inflation and the bearish RSI formation. Good Luck!
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