Not done yet - the Tech story
Tech is still driving markets, valuations and sentiments up. Little doubt about it. This is also the only pillar holding the market up, as other sectors lag behind in a straggling manner that almost appears unwilling.
Technically, the daily chart is Bullish, as is the weekly chart. In fact, it is so bullish that one might expect a breakout of an ascending triangle! Warning is to watch for the reversal and break down back into the triangle, as this is likely to fall out on the other end... downwards.
The chart is marked for potential resistance and turning points, both in price and MACD.
Meanwhile, (very cautiously) bullish for this week, make hay while the sun shines....
Technically, the daily chart is Bullish, as is the weekly chart. In fact, it is so bullish that one might expect a breakout of an ascending triangle! Warning is to watch for the reversal and break down back into the triangle, as this is likely to fall out on the other end... downwards.
The chart is marked for potential resistance and turning points, both in price and MACD.
Meanwhile, (very cautiously) bullish for this week, make hay while the sun shines....
Penafian
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