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SMH: Are semis breaking down?

VanEck Semiconductor ETF (NASDAQ:SMH)  
Trading-Capital  
NASDAQ:SMH   VanEck Semiconductor ETF
Trend Analysis Chart Patterns NVDA AMD SOXX SOXS SMH semiconductor yields
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trendanalysis chartpattern nvda amd soxx soxs smh semiconductor yields
Last time we saw the bullish moving average cross of the 7MA & the 590 MA we saw a superb rally over 2.5months.

This time we are seeing a bearish cross of the same 2 moving averages. Could this replicate the move to the downside?

Don't say we didn't caution you!

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