Let me get back to SMH . Like i mentioned XLK and XLE heading down will be a disaster. Both here and QQQ .
Two things that concern me,
1. The Divergence
2. SPY Shaking itself,
From a short term trade perspective - I would be in the long side.
Upon confirmation of those major divergences here, there is no reason not to expect this fall apart. At least to retest its upper 40. This could never happen.
Something I will not forget.
Market is an equal opportunity dream killer. Big profits come from low probability, small profits from high probablity