XLK/SPY at a Key Pullback Zone — Is Tech Ready to Regain StrengtXLK/SPYBATS:XLK/BATS:SPYSniperAlphaResearchXLK/SPY is testing an interesting area after weeks of underperformance. The ratio briefly traded below support before reclaiming it, while Stochastic is forming a bullish divergence—price made a lower low, but momentum held a higher low. This does not confirm a reversal yet, but the reaction from this former breakout area suggests selling pressure may be fading. If the level continues to hold, tech could be preparing to regain relative strength against SPY. This is how the Sniper Alpha framework reads sector rotation: Track sector performance against SPY. Look for a pullback into a meaningful support area. Watch for momentum to stabilize or diverge. If relative strength turns higher, scan that sector for stocks already building strong bases near resistance. The strongest stocks often start showing strength before the sector fully recovers. For now, XLK/SPY is still below the shorter EMAs, so confirmation matters. I’ll be watching whether the ratio can hold this area and begin reclaiming EMA55. No confirmation, no chase. The chart leads—the trade comes later. For educational purposes only.