Technology ETF (XLK) weakens to levels near support at August lows

US Equity indices have been trending lower as Treasury yields have pushed higher this week.  SPX and QQQ might not break August lows right away, however, and technically there could be a low that happens into end of week.  At present, trends and momentum are short-term negative, but should be nearing support. 

Wednesday’s post FOMC release comments by Powell cemented in place the “higher for longer” mentality, and despite th...

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