SPDR Select Sector Fund - Techn
Investment Thesis
XLK pulled back -6.9% from its 52-week high into a $173–$192 consolidation zone while the golden cross structure, dominant XLK/SPY relative strength ratio (above both its 50d and 200d SMA), and healthy broad market breadth all remain intact. The rising 50-day SMA at $175.43 provides the key support floor; a recovery toward $196 offers ~6% upside against a comparable stop below the June 9 structural low.
Why It May Work
Why It May Not Work
Timeline
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