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
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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.