Retail flocking to tech.
Tech and semis taking the reigns of this market, once again!
Tech bear flag has yet to confirm.
This move in Technology ETF (XLK) over the past month blew right through its rising channel and never looked back. MercadoLibre (MELI) short-term rising channel in play - looking for a bounce back towards 1400, if it holds. Cameco (CCJ) pushing through huge resistance as it breaks out of a long-term triangle. Not a huge
$XLK fighting a major resistance level that goes back for the past year. Â
$XLK price level resistance and upper channel resistance pushing back on the $XLKÂ move back to last August highs. Â
Resistance on Spotify Technology (SPOT) continues to prevent price from breaking out and getting the necessary follow through. US 10 year yield (TNX)Â continues to bounce hard off of key support. Technology Sector (XLK) at the top end of its trading range with a potential fading opportunity. Clear Secure (YOU) attempting to bounce off
Discretionary ETF (XLY) coiling above key breakout support. Bulls will need to hold this one in the coming days, to keep control. Technology ETF (XLK) Consolidation over the last five trading sessions still has tech sector holding key support. Robinhood (HOOD) coiling just below major resistance. Airbnb (ABNB) nearing a test of significant resistance that
$XLK struggling to reclaim broken support.
$V breaking through declining resistance.