SKYY’s the Limit

Lately, it’s become almost routine to see tech-related groups hitting fresh highs across the board. 

From Software and Internet to Cybersecurity, Digital Payments, and Fintech, the strength in these sub-sectors has been nothing short of remarkable.

Now we can add the Cloud Computing ETF $SKYY to this impressive list of tech indexes breaking out to new all-time highs.

Price just took out a critical resistance level at the prior cycle highs from 2021, surging past 120 without looking back. 

This level now serves as a key threshold to watch on any corrective action. Will former resistance turn into support?

As long as SKYY holds above those old highs, the path of least resistance remains up and to the right, setting the stage for more gains.

Alfonso