We could be running out of steam here. This to me looks like the final leg of the grand supercycle in semis. Bearish divergences on the RSI and a final 5th wave move up. If we reach $300 I’d expect a rejection and possible roll over. Keep an eye on this, retail are loading up but the charts don’t support the hysteria at these levels.
Not financial advice
Not financial advice
Trade active
Short entered at $292, happy to add if we climb higher. But I like the strong rejection so far.Note
Looking good, market is ready to roll over...Note
Nice drop so far
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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.