The Technology Select Sector SPDR Fund (XLK, Financial) is currently under close observation as it approaches critical pivot points. Analysts have identified a pivot high of $189.08 and a pivot low of $183.98, determined through the DeMark method.
A break above the $189.08 level could signal a bullish trend for XLK, indicating potential upward momentum. Conversely, if XLK falls below the $183.98 mark, it could suggest a bearish trend, prompting caution among investors.
Traders and investors will be closely watching these levels to gauge the fund's future direction, as movements beyond either threshold are often seen as significant indicators of market sentiment.
