Users: Danja Zown: Technlogy.png

Technlogy.png

Technology ETF XLK is in a year long rising bearish wedge now caught in a smaller condensing triangle. I'm not optimistic about this over the coming weeks. Expect some lateral movement within the condensing pattern before a proper breakdown occurs. Upper limit right now is about $44.24 (www.DanjaZown.com).

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