AAPL is starting to show some signs of weakness, and given XLK's overall importance to the larger US Equities market, this spells trouble. This has the potential to continue higher but the risk right now looks like it's to the downside. Given how extended momentum names are in this market, one should tread carefully with their long positions, especially highly cyclical ones as the virus continues to spread.
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Want more high probability trade ideas?
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seekingalpha.com/author/propnotes/analysis
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seekingalpha.com/author/propnotes/analysis
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。