SMH opened up selling off and continued to sell off through multiple periods.
Expect to see more selling to come
- Broke through support
- Continued selling through multiple periods
- Increasing volume while selling
- Broke current upward trend its been on since May
Expect to see more selling to come
Note
- The day after created a huge rally which gave a strong impression that the downward trend had changed.- Today, that proved to be a false breakout and the entire day was spent selling off back down to the levels it was when this post was created.
- After are currently showing more selling to come.
- We have entered into early August which can be the beginning of a market sell off with September generally being a bad market month
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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.
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.