XLK breakout bodes well for Technology ETF to test all-time highs

Short-term trends in US Equities remain bullish, and despite some slowing in the breadth and momentum that has taken place in the last few weeks, uptrends remain intact. Moreover, I believe Tuesday’s breakout bodes well for a likely challenge of all-time highs in Technology ETFs like XLK as well as possibly SPX and QQQ before a slowdown into mid-June.  As discussed before, while a rally over February peaks arguably should h...

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