ProShares S&P 500 ex-Technology ETF Price & Performance (SPXT)

The ProShares S&P 500 Ex-Technology ETF (SPXT) continues to struggle as technical analysis highlights weak support levels. Analysts suggest caution, with warnings against attempting to buy during declines, likening it to "catching a falling knife." Resistance levels near $93.22 could trigger short signals, indicating bearish sentiment persists for this ETF.12

Inverse ETFs, designed to profit from declining asset values, are attracting attention during market corrections. Leveraged options like ProShares UltraPro Short QQQ and Direxion Daily Semiconductor Bear 3x Shares offer significant downside exposure. However, their complex structure and risk of value decay over time make them suitable only for experienced traders.3

Nvidia's upcoming earnings report is highly anticipated as the tech sector navigates a correction phase. The company’s performance could influence the broader market, with investors hoping for a rally to reverse recent declines. Nvidia's results are seen as a potential indicator for future trends in technology and AI-driven stocks.4