S&P 500 (Sub-) Sector IT and the 1,000 points-level
Since Wed., 16th Aug. 2017, the IT-SubSector-Index is fighting to hold the 1,000 - level - as can be seen in the following graph. A pretty tough fight may be carried out in the months of September and October 2017.
If the index should fall below its level of 887 points in the upcoming months, some of the IT-Heavyweights could fall below their medium-term Uptrend(line)s. Relevant companies would then be Apple, Microsoft, Facebook, Alphabet, Visa, Intel, Cisco, Oracle or Mastercard.
Let's see what the last month of Q3-2017 and the first month of Q4-2017 will bring for the markets.