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This Technology ETF Could Be Signaling a Looming Tech Stock Rout

Kinsey Grant

notched a new record high by the closing bell on Tuesday, but the good news in technology stocks soon could be capped. The last time the RSI for this specific fund climbed above 70 was in late January, just before the market selloff that sank technology stocks about 10% in just a handful of days. Just before the RSI last reached 70 in January, the fund climbed in five successive trading sessions from Jan. 17 through Jan. 23.