Put together information on what is happening in major S&P sectors
Majority of sectors are strong on the daily chart. There are some short-term problems on lower timeframe but they can be overcome.
This is good for buyers as it shows that money is not leaving the market but moving from one sector to another. A lot will depend on tech bulls. XLK must clear 212 resistance to help market move higher.
You can find my market overview here
www.tradingview.com/...first-warning-signs/
XLK
XLV
XLF
XLY
XLC
XLI
XLP
XLE
Majority of sectors are strong on the daily chart. There are some short-term problems on lower timeframe but they can be overcome.
This is good for buyers as it shows that money is not leaving the market but moving from one sector to another. A lot will depend on tech bulls. XLK must clear 212 resistance to help market move higher.
You can find my market overview here
www.tradingview.com/...first-warning-signs/
XLK
XLV
XLF
XLY
XLC
XLI
XLP
XLE