Semi conductors are not going anywhere, they just completed a huge run. Fell out of the wedge and I dont see this going below 80$ ever but I see it testing a couple spots below and breaking north .
TECHNICALLY SPEAKING SELL. AND BUY AT 120$ OR LESS.
The Real estate market topped last fall and now the indicators the confirm it are recently confirming the housing market has been exhausted and will not continue to help grow the economy in the next few years. LONG DRV, the charts are looking sweet i.m.o Some Jan 19 calls should be good.
Well A multi year flag? A big move is coming, My gut has been telling me to Buy TVIX or UVXY and DRV as my gut is bearish, no doubt SEMI's are not going anywhere, but the overall Bull market run tells me we are due for a shocker sometime soon, DRV soon looks to be profitable.
If the Green or Yellow lines establish support then were good to go in.
Just some lines
DON'T PLAY WITH FIRE GOING LONG RIGHT NOW.