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SMH about to break down?
VanEck Semiconductor ETF
Short
SMH about to break down?
By Trading-Capital
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Updated
Mar 27, 2023
2
Cheer
Cheer
Mar 27, 2023
The SMH is triggering a intra day topping formation.
This is likely to play out as money roates out of the overbouhgt tech/ semi space.
NVDA, AMD are some of the leaders already showing weakness today.
If Semis fall they will take this market lower.
Mar 27, 2023
Comment
A close above $253 negates this topping formation.
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