We’ve noticed a significant shift in both Large Cap Technology ($XLK) and Equal Weight Technology ($RSPT), as they transition from red to deeper shades of green, as illustrated below.
This suggests a resurgence of growth leadership heading into 2025.
From a technical perspective, the breakout of the Large Cap Technology ETF ($XLK) from a six-month base further supports this trend.
With this setup, there’s considerable potential for technology to push higher as we move into the new year.
