SPDR Select Sector Fund - Techn
Investment Thesis
XLK just printed a new 52-week high, but RSI at 83 and a 20% gap above the 50-day MA represent one of the most extreme overextensions in a year — with weakening breadth and a complacent put/call ratio adding fuel to a potential mean-reversion pullback toward prior resistance near $159.
Why It May Work
Why It May Not Work
Timeline
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