Video – Non-tech Leaders – Blockchain, Telecom, Banking, Defense, Infrastructure

Tech-related ETFs are leading the market with massive moves the last three months. They are in strong uptrends, but getting overextended and ripe for a corrective period. For example, the ARK Fintech Innovation ETF (ARKF) and ARK Innovation ETF (ARKK) are up around 50% since May. Straight up. Today’s video will highlight the overbought conditions and show the support zones to watch going forward.

SPY and QQQ are in leading uptrends with fresh new highs in late July. The first chart shows SPY with the big trend-reversing breakout on May 12th. This is when it broke the late March high, negated the Double Top and gapped above the 200-day SMA. SPY extended to new