Tech flashed a rare island reversal today. Tim Knight breaks the pattern down live on the XLK, where Tuesday's lifetime-high bar sits stranded with gaps on both sides, a classic bearish tell. He pairs it with a failed breakout on the S&P, small caps and the Dow leading the slide, and semiconductors cracking below a key channel. His 30 short positions are beating the market roughly six to one. One day isn't a trend, but after a long grind higher, this is real damage.
Comments
Log in or sign up to join the conversation.