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XLK Technology ETF Still Ripping

The XLK has the most aggressive chart as it continues to honor its very steep 1.5 year extension channel shown in red below.



click on image to enlarge




The last jump was off the ascending pressure wedge but where it goes now is going to be trickier.  


Trade well my friends

Alan




This post first appeared on The Stock Market Viewpoint, please read the originial post: here

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XLK Technology ETF Still Ripping

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