How about the Gold Bugs? They’ve had so long to turn, but have chosen not to.
Meanwhile, look at what the Technology sector looks like relative to the rest of the market. And keep in mind, Google, Facebook, Tesla and Amazon combined represent 0% of the S&P Technology Sector Index. So even without those names, does this look like a downtrend to you?
Looks like a continuation pattern within an ongoing uptrend.
JC
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