VanEck Semiconductor ETF
Short

SMH shows signs of weakness for first time

29
SMH rally is showing weakness in multiple places for first time.

  • EMA crosses below SMA for first time since rally started
  • RSI shows signs of price divergence by trending down while price makes higher highs.


This is more cautionary at this point and keep in mind. I wouldn't add to any bullish positions but instead tighten stop losses and seek to start taking some profits.

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