$SMH Break Down Alert: See The Target Price Here *PIC*

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

The semiconductor ETF (SMH) broke down out of its uptrend on Wednesday, triggering what is likely a hard fall in the coming days and weeks. The uptrend was one of the longest on record, matching gains not seen in an index of this size in decades. It is now over. The break-down will likely trigger a exodus of institutions, taking the semi index (SMH) to $74.00 in the near-term. This level will be the first bounce level of significance.

Semiconductor Index ETF SMH breaks uptrend on stock chart

Forum Policy

Return to Index