StockCharts TVPublished 2026-11-04
“Tech Is Breaking Down. So What’s Keeping the S&P 500 Afloat?”
$SKYYBearish
AI summary · After performing very well on its breakout and hitting upward targets, SKYY is testing the lower limits of a triangle/rectangle-like pattern; that could be a big turn-off unless a bear trap forms here.
There is much we want to talk about , but we must take into account the SKYY cloud fund. Again , a very similar triangle or rectangle pattern or trading fund is testing its lower limits after performing very well along the breakout path and achieving the upward targets.
So again, this could be a big turn-off if we don't see a bear trap forming here.