Info Tech Bullish Percent Index remains below 50% $XLK

Since moving below 50% in June, the Info Tech Bullish% ($BPTECH) has been oscillating above/below the 50% line the last three months. This reflects indecision and a tug-of-war between bulls and bears. The overall trend is down for BPI, which gives the current edge to the bears. Look for a break above 55% to turn this indicator bullish. You can read more on BPI in our chart school article.

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