SELECT SECTOR SPDR TECHNOLOGY ETF - XLK
Monthly chart shows no buy signal/pattern. IF the up trendline is broken, look for the next downside target to be the .618 fib level of $18.00 or so.
Weekly chart shows price below all key moving averages. Look for continuation lower and a test of the January low.
Daily chart shows price to be in consolidation/trading range for now. Look to next week's trading activity for better timing and short term direction.
Saturday, March 08, 2008
Technology Sector Update for 03.08.2008
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