Software Sector - Due a correction?

I'm sat in front of the screen listening to Sinatra whilst browsing through the charts. My little boy is having his afternoon nap just a couple of yards away - he looks so peaceful. A beautiful way to spend a Sunday (for me and for him!)

The weekly software sector chart has caught my eye. The chart is very bearish - (candlestick with a very long wick) Is the sector due a correction?

This will act as a warning sign (filter) for me. I'll tread with caution when considering software stocks over the next couple of weeks