SELECT SECTOR SPDR TECHNOLOGY SECTOR ETF - XLK
Monthly chart shows indecision between the bulls and the bears. Current support off the $19.75 area is currently holding.
Weekly chart shows weakness with last week's trading activity. Is this profit-taking, or renewed selling. Look to next week for better sense of direction.
Daily chart shows consolidation range. IF this is wave 4 consolidation, THEN look for lower low to complete wave 5. Next week's trading activity should give better sense of direction.
Saturday, March 29, 2008
Technology Sector Update for 03.29.2008
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