XLK (Msft and Aapl)
Can't break over resistance here. Pullback to 135 is coming. Look at the price action of last 2 weeks and look at MSFT and Apple chart, Same thing.
MACD just crossed bearish, last 3 times this has happen XLK has had a nasty sell off.
RSI is rolling over
If we bounce at 135 and rally we will see apple at 164 and MSFT at 300.
If we break below 135 ... things will get ugly
I highlighted the false breakouts with the reason why
MACD just crossed bearish, last 3 times this has happen XLK has had a nasty sell off.
RSI is rolling over
If we bounce at 135 and rally we will see apple at 164 and MSFT at 300.
If we break below 135 ... things will get ugly
I highlighted the false breakouts with the reason why
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