SPDR Select Sector Fund - Techn
Investment Thesis
XLK staged a powerful V-shaped recovery from the March correction lows (+14% in ~10 sessions), reclaimed both the 50-day and 200-day MAs with a confirmed golden cross, and its relative strength ratio vs SPY is trending higher above both its own SMA-50 and SMA-200 — a confluence of signals pointing to sector leadership resumption heading into the 52-week high retest.
Why It May Work
Why It May Not Work
Timeline
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