XLK-Tech

I'll have to do these in separate posts.

 If I'm correct then looking at XLK above after it made its first break, the lows were accumulated in white, everything since then has been under distribution, if it seems like a long time, I'v seen longer a I have mentioned before about the $USD, USO and the market, here are the examples and I remember these vividly because they were situations similar to this, long ongoing divergences, but it all depends on the size of the position Wall Street is selling or putting on.

 Th market in 2008 was showing a long period of distribution in which it went higher, but that's the point, to sell in to higher prices, but even if you went short on the first sign of distribution, you still made a ton of money.

 This was when the election was coming up and the 4+ year uptrend in oil was killed, presumably to help the Republican candidate so Energy costs weren't an issue in the election, there was a large segment of distribution, but this was after 4+ years of no stop higher oil, still would have made a ton and I was trading this one.

Same thing happened in the $USD except it was accumulation, it went down probably 6 months after the first signs of accumulation, but any one who went long on the intial signal still made a lot of money (relatively as the dollar doesn't have high beta).

 XLK today

 2 min close up

 2 min zoomed out, green is confirmation or the mark up stage

 XLK 5 min today

 5 min long term

 XLK 15 min

 XLK 30 min, accumulation in November and December

XLK 60 min.

The interesting thing is now that XLK has spent 2 days outside the triangle, all of the timeframes are aligning and ES... well you saw it