Equal-Weighted Technology vs. XLK has broken to the lowest levels since ’09

Trend still bullish - Expecting upcoming push back above SPX-4200 -

Tuesday’s minor pullback hasn’t caused much technical damage.  While prices did pull back to multi-day lows, this area of support near 4140 lines up with the uptrend from early May along with the initial peaks of the first rally off early May lows. (5/5-5/15).

Five sectors fell more than 1% in Tuesday’s trading:  Healthcare, Industrials, Discretion...

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