Possible H&S top forming on SOXX? It has a nicely defined head already---w/a rounding top---but wouldn't be out of ordinary for one last pop up to shake out shorts and then finish the head. TBD, of course.
6MAY14: Just following up on this and sure enough, shows how a trend can go on and on and on....that said, recent distribution in indices and leading stocks (to include semis) looking bad for longs here.
6MAY14: Just following up on this and sure enough, shows how a trend can go on and on and on....that said, recent distribution in indices and leading stocks (to include semis) looking bad for longs here.