Just a few weeks ago, Tech looked like dead weight — it was the main culprit behind the recent market correction and was on the verge of completing a massive top.
But fast forward to today, and the picture looks very different.
Price briefly broke below a critical support zone, only to snap back with force as buyers stepped in exactly where they needed to — trapping the bears and flipping the narrative.
Now, XLK has reclaimed the VWAP anchored to the all-time highs.