VanEck Semiconductor ETF
Corto
Actualizado

SMH breaks though support on increasing volume

89
SMH opened up selling off and continued to sell off through multiple periods.

  • Broke through support
  • Continued selling through multiple periods
  • Increasing volume while selling
  • Broke current upward trend its been on since May


Expect to see more selling to come
Nota
- The day after created a huge rally which gave a strong impression that the downward trend had changed.
- Today, that proved to be a false breakout and the entire day was spent selling off back down to the levels it was when this post was created.
- After are currently showing more selling to come.

- We have entered into early August which can be the beginning of a market sell off with September generally being a bad market month

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