Technology Sector (XLB) Almost At New Highs

If you measure the technology sector by the popular SPDR  ETF called the XLB, the sector is not only 25 cents away from new 2011 highs, but also from fresh 3.5 year highs.  From a technical analysis perspective the inverted head and shoulders pattern (see white bubbles on chart) is working out well and if it plays out textbook it can go as high as $28 in this swing.  

Just thought this was worth pointing out.

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