Technical Commentary -September 1, 2009 (FinancialWire) (By Frank Kollar) & Level Indicator Suppliers 8212; Shares of Technology Select Sector SPDR (NYSE: XLK) have reached a critical level that will be tested over coming days.The Fibtimer.If the $20. If shares trade lower, support is at the $17. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (?level=279).. A definitive close above this level would forecast continued higher highs ahead, while a reversal from this level would point to at least a corrective wave lower.Typically the 61.72 for Technology SPDR, is a make or break point in a rally.com (/) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.85.FinancialWire(tm) is a fully independent, proprietary news wire service.15 level.72 level is surpassed, traders can look for a run to the next resistance # at $22.8% level, at $20.Technology SPDR reached the 61.8% retracement resistance level of the May 2008 through November 2008 bear market decline last Friday.

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