XLK Tech sector ETF, broke the 200 day moving Average downtrend,
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
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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Stock market efficiency is an elegant hypothesis that bears quite limited resemblance to the real world, please feel free to follow me on my other social media handles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.