AI XLK Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: A resurgent tech sector, driven by strong earnings and AI innovations, could lead XLK to break key resistance levels, capitalizing on current volatility trends and future demand.


Bearish Case: Potential macroeconomic pressures and shifts in investor sentiment could result in a significant correction, as indicated by current market uncertainty and historical performance patterns.


Potential Outcomes:

1) Continued tech growth with a 60% probability.

2) A short-term pullback to $210 with a 25% chance.

3) A market correction to $200 or lower at a 15% probability due to regulatory risks.


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September 12, 2024


Technology Select Sector SPDR Forecast

XLK      Technology Select Sector SPDR











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Uncorrelated Assets

Assets with little price relationship to XLK



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Anticorrelated Assets

Assets that tend to move strongly against XLK



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SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.96)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.96)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.98)





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