SMH: Will it fill the gap to $260.6? (A)
$VanEck Semiconductor ETF(SMH)$ : Will it fill the gap to $260.6? (A)
(B) Price action is indecisive; similar candles around the 20- and 50 DMAs have previously signaled turbulence. (C) Bearish stochastic crossovers confirm the retest of lows. (D) On a positive note for bulls, the stochastic oscillator is not overbought.
The 50-day moving average will be the key indicator: a break below it suggests a retest of lows, while holding above it could signal a more bullish move, similar to what we saw in September 2024.
Fueled by the $NVIDIA(NVDA)$ euphoria, but this consolidation is healthy. What I don’t like a dime are the monthly candles’ wicks
Will we see a retest of the lows, or a gap fill?
100💚 for $Invesco QQQ(QQQ)$
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