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XLK Tech sector ETF, broke the 200 day moving Average downtrend,
SPDR Select Sector Fund - Technology
XLK Tech sector ETF, broke the 200 day moving Average downtrend,
By Alphahunter07
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Jan 28, 2023
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Jan 28, 2023
XLK Tech sector ETF, broke the 200 day moving Average downtrend, does this marks the end of the downtrend, and start of a new Bull run?
To answer this question we will have to see how this trends in weeks ahead
[Why this might NOT be the end of the current down tremd?]
* Tech growth is still slowing
* Higher multiples are difficult to justify
Chart Patterns
Trend Analysis
XLK
xlkanalysis
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xlkshort
Alphahunter07
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