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marketmind3

XLK - Consolidating, but Negative Divergences Still Alive

Short
SPDR Select Sector Fund - Technology (AMEX:XLK)  
marketmind3  
AMEX:XLK   SPDR Select Sector Fund - Technology
Trend Analysis Chart Patterns Technical Indicators TECH XLK short
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trendanalysis chartpattern indicator tech xlk short
XLK - Update to short trade thesis.

Trading XLK short as long as negative MACD and DMI divergences linger. No new high today as market rallies, big picture chart still consolidating. Seeing SOX lag today is a good sign for being short (XLK over 20% Semiconductor weighting)

Need a breakdown soon though
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