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jaxdog

$SMH Weekly Cup with Handle Formation

Long
VanEck Semiconductor ETF (NASDAQ:SMH)  
jaxdog Updated   
NASDAQ:SMH   VanEck Semiconductor ETF
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SMH could be a big beneficiary "if" interest rates level out or even start dropping. This Cup w/ Handle formation is also about a 2 year base suggesting that if / when it breaks out, it could have a big run. All TBD.

See Notes on chart for more of my thoughts. Ideas, not investing / trading advice. Comments always welcome.
Comment:
SMH holding strong here as a lot of stocks and indices consolidate. Looks like it's about to break above the flagging channel. This is high on my list as I missed my last alert. It would be good for it to consolidate a bit here IMO.
snapshot
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