Higher Markets On The Back Of Tech Rally

Willie Delwiche says the price collapse in Bitcoin and thematic tech does suggest an eventual bounce pullback. The charts still do not suggest the context of a trend reversal and the double digit declines in the tech sector since February might just be getting started. The pattern of lower highs and lower lows does not change the backdrop of a technical downtrend and froth unwind.

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Higher Markets On The Back Of Tech Rally

Willie Delwiche says the price collapse in Bitcoin and thematic tech does suggest an eventual bounce pullback. The charts still do not suggest the context of a trend reversal and the double digit declines in the tech sector since February might just be getting started. The pattern of lower highs and lower lows does not change the backdrop of a technical downtrend and froth unwind.