Tech has been a source of strength in this week's choppy market, and big names could well take the market higher into the first quarter, chart analysts said.
In the tug of war between cyclicals and growth, tech has been winning lately. The sector is the top performer this week, with financials the only other major S&P sector showing some strength. The S&P 500 is down 0.6% in the period, closing at 3,687 on Tuesday.
Technical analysts say the glidepath for a short-term rally still looks clear, and tech could help lead the S&P 500 to the 4,000 area, before a market correction in the first quarter.