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3 Charts That Suggest Tech Stocks Are Headed Lower

Casey Murphy

The lucrativeness of technology stocks has won the hearts of millions of active traders over the past couple of decades. The dominant uptrend that has fueled the technology sector since the start of 2017 is most clearly shown on the chart of the Technology Select Sector SPDR Fund. Fundamentally, the XLK ETF is one of the funds that is looked at most closely by active traders who seek to determine the overall direction of the broad technology market.