We believe the current capital shift in the
US stock market may be settling into the Technology sector as investors move
away from growth and into value.
Technology has recently recovered very nicely from the late December
2018 lows and is currently setting up a very eerily similar pattern across
multiple charts.
If our analysis is correct, we believe the
Technology sector may be setting up for a downside price breakdown near the
APEX of these Pennant/Flag formations that appear in our charts. Near recent, all-time highs, this downside
breakdown could be rather large in size, possibly as much as -20% to -35% or
more, and could result in a global stock market decline that could shock most
investors/traders. (more)
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