Short-Term Overbought Market Shows Bear Trap in Software [GB9ShoCs0xM]

@CharlesSchwab's Nathan Peterson says we are overbought in the short-term and expects to see sideways consolidation. That said, if bulls "punch above" S&P 500 (SPX) record highs, he sees a more interesting scenario ahead. One corner of the market pushing back against bearish trends: software, where Nate highlights a "bear trap" seen in the iShares Expanded Tech-Software Sector ETF (IGV). ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - Download the iOS app - Download the Amazon Fire Tv App - Watch on Sling - Watch on Vizio - Watch on DistroTV - Follow us on X – Follow us on Facebook – Follow us on LinkedIn - About Schwab Network - #straitofhormuz #crudeoil #software #economy #investing #finance #marketnews #stock #stockmarket #trading #live #schwabnetwork #crude #oil #energy #ai #artificialintelligence #etf #stockcharts

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