SPDR Technology (XLK) Fund - Touching top of Trading Channel

Channels that I see with the SPDR select technology fund. It was pretty well contained in this channel since 2008, but as you can see the COVID rally has pushed it way above. Right now it is in a larger parallel channel that has its mid line (red dotted) just above the major peaks since 2015. Will this channel hold Tech? HArd to tell, but so far it has been strong enough to buck an 11 year trend.

1D


4h