Tech bear flag has yet to confirm.
This move in $XLK over the past month blew right through its rising channel and never looked back. $MELI short-term rising channel in play - looking for a bounce back towards 1400, if it holds. $CCJ pushing through huge resistance as it breaks out of a long-term triangle. Not a huge fan of chasing a
$XLK fighting a major resistance level that goes back for the past year.
$XLK price level resistance and upper channel resistance pushing back on the $XLK move back to last August highs.
Resistance on $SPOT continues to prevent price from breaking out and getting the necessary follow through.
$XLY coiling above key breakout support. Bulls will need to hold this one in the coming days, to keep control.
$XLK struggling to reclaim broken support.
$V breaking through declining resistance.
$LCID doing a good job of sustaining its momentum all month long. If the market can hold itself together, potential is for a move up to $60.
I don’t have any issues with any of the sectors right now except for Energy. Energy is seriously the most unpredictable and untradeable sector right now. Nothing holds to the upside, and just when you think a stock is breaking out, it reverses course and breaks down on you.