XLK Tech sector ETF, broke the 200 day moving Average downtrend,
XLK Tech sector ETF, broke the 200 day moving Average downtrend, does this marks the end of the downtrend, and start of a new Bull run?
To answer this question we will have to see how this trends in weeks ahead
[Why this might NOT be the end of the current down tremd?]
* Tech growth is still slowing
* Higher multiples are difficult to justify
To answer this question we will have to see how this trends in weeks ahead
[Why this might NOT be the end of the current down tremd?]
* Tech growth is still slowing
* Higher multiples are difficult to justify
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