Technology/Growth looks likely to stall after a great week

The stalling out in S&P looks to be starting as of Friday, with a minor 1% pullback in S&P while NASDAQ is lower by more than 2%. Volume is very heavy in declining issues, but SPX has not yet violated prior days’ lows nor the uptrend from this week near 3927.  Overall, as shown below, this week’s gains have been constructive after having broken out above this giant consolidation range from late June (shown by green arrow). Technology,...

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