Tech Is Breaking Down. So What’s Keeping the S&P 500 Afloat?

Frank Cappelleri
by Frank Cappelleri,
Founder & President, CappThesis, LLC

Tech is breaking down while the S&P 500 refuses to follow. Bullish and bearish patterns are now competing for control. Frank compares the S&P 500’s current setup with earlier failed breakouts, then follows the weakness through semiconductors and other growth areas to see whether this divergence is getting closer to a resolution.

The video was originally published on November 4, 2026.

You can view previously recorded videos from Frank and other industry experts at this link.

Sectors Market Analysis Chart Patterns ETFs
Frank Cappelleri
About The Author:

Frank is the founder and president of CappThesis, an independent research firm that helps active investors through time-tested chart and statistical analysis. He has spent decades on Wall Street and holds both CMT and CFA professional designations. Learn More 

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