SMH: Past visits to the upper Bollinger Band have resulted in price retracing to the lower one
$VanEck Semiconductor ETF(SMH)$ : Past visits to the upper Bollinger Band have resulted in price retracing to the lower one.
Will this instance prove different? The gap is currently acting as a bearish magnet⚠️, and while the 200DMA is attempting to establish support, my previous $S&P 500(.SPX)$ analysis showed that this line is often breached📉.
Analog interesting (especially if it were to fall below 17,66$): $Intel(INTC)$ (currently 20,05$)
All eyes are on $NVIDIA(NVDA)$ 's earnings results this week
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