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VanEck Semiconductor ETF
Short
Updated

Excellent short opportunity on SMH

92
Not trading advice.

I am short the SMH

Currently with $196 puts

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Open Gaps just from this week.

Another down near $175
Trade active
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Trade active
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Trade active
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Big moment coming up here. Bearish pennant formation from the open, the likely move here is to the downside into the close.

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Lower High for the RSI on the daily chart. Rejection zone here.
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Staying short here, anything good on vaccines or good for value to come out on news and SMH and semis will continue to get sold as a proxy for profit taking, overbought (expensive P/Es), etc. Pick your reason, but Semis run is done in my opinion.
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StockPickingEnthusiast
Bearish PatternsBeyond Technical AnalysisTechnical IndicatorsputsQQQshortSMHSOXXSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bearish PatternsBeyond Technical AnalysisTechnical IndicatorsputsQQQshortSMHSOXXSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis
StockPickingEnthusiast

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.