SMH VanEck Semiconductor ETF

$SMH $SOXX $SOXL You want to see it break above the moving average to show strength. Tonights action while positive does not solidify a bottom YET. Lets see if buyers come ready for the ask at open.

The $SMH 🟠YTD AVWAP lines up with the 🟢200sma (market has been open 203 days this yr) at ~514.75 That is the obvious level of interest that has the POTENTIAL to find enough buyers to become support. The scenario I prefer would be an undercut of the July low of 503.63 (and maybe the round number of 500) to create a real flush that could lead to a tradeable bounce. As always, I will wait for evidence before I attempt to get long and I will have my risk known in advance. 1⃣Anticipate all potential scenarios 2⃣Participate when the market confirms a level 3⃣Manage risk in case the market changes its mind

$SMH weekly undercut of previous low and hit 50sma just under could be sweet reversal trade IF it gets there stretched/oversold

$SMH still holding the level like a champ. Waiting for earnings this week: starting off with $META $LRCX to deploy funds back

$SMH $DRAM Bill Gunderson’s opinion has been prescient over the years. Rest easy chip investors, and I am buying this dip!

$SMH Really not liking how we forming many bear flags on semis names. All on $LRCX $META earnings today. Lots names creating a possible bear flags under 50ma and 200mg. Needs to bust over this range

$SMH >> Daily Chart >> Not sure if u saw my late night post last night 🤔 I broke down the $SMH setup & said this is the technical bounce zone If u get the chance check it out $SPY $QQQ $NVDA $MU

$SMH >> Daily Chart >> There was a bounce on Friday and a white candle 🕯 formed, but a bullish reversal pattern EMA 4 @ 535.87 is the key 🔑 level to break The 200 SMA @ 515.44 is the key 🔑 level to hold RSI, ADX, & Fast STO are hitting bounce levels Bulls need MACDs hooking 🪝 up Fail to hold the 200 SMA & it will signal major downside risk ⚠️ for the market $SPY $QQQ $NVDA $SOXS

$SMH received nearly $1.2M in Call Order right off the supporting trendline + horizontal zone! $SMH 562.5 Calls 11/20 📈 Outside of the Bollinger Bands, RSI is just starting to curl. First target at the VPoC ($565)!

$SMH >> Daily Chart >> Looks liks this 515-520 zone that's lined up with the 200 SMA could turn into a technical bounce level The indicators are all at or near prior bounce zones Look for EMA 4 @ 541.65 to continue to be tested on bounces during the pullback Once there's a close above there's a chance for a more sustainable bounce with EMA 8 @ 554.40 as the 1st target 🎯 Would be very bearish 🐻 for semi's and the market if the 200 SMA failed to hold and turned into resistance $SPY $QQQ $NVDA $MU

$SMH not short here but they could really cause some pain with mean reversion. When I have no idea.

$SMH bounced right off major support line and 200 day MA during a bloody day in the market. Should look at a chart before making decisions. Great day to go long. Most likely no hike = dovish fed.

$SMH Right now it's in the day-trading only penalty box. I have resistances and supports set. Below 538 and it's the no-man's land where I won't be trading. I think the longer it stays in this channel the more risk the downside becomes.

$SMH "It’s really simple. Our Robots and AI vs their Robots and AI. If we can catch up on robotics/software , and can stay ahead on AI, there is zero reason manufacturing won’t come back, or initiate here" - Mark Cuban $QQQ

$SMH $SOXX lmao how about plot the earnings trajectory under the price before calling 70% corrections in semis

$SMH the last time this closed down 8 or more consecutive days was May 2006 when it dropped 25% peak to bottom 🤔

Trade Ideas $SMH (delayed) NOV20 480P - still actionable - real time alerts click on profile

$SMH 170 last year during tariffs. We are still a 3x from that. So bulls should be all fine imo. Right ? 🤪 sorry for being mean and sarcastic.

Would otherwise pat myself on the back to death had I not rotated back into semis HEAVY (early) largely at the end of last week. Still think the $SMH only has maybe (-5%) more to the downside, barring anything too crazy happening of course, which presents a really attractive oppurtunity I'm playing into year-end. $SPY $QQQ

$SMH has broken intermediate support on the 4-hour chart. The next major downside target is a retest of the July 29 low at $503.63. $MU $NVDA $SPY $QQQ