Current weakness may be contained but real test will see if a new high can be made soon. Weakness today makes Friday and Monday action seem more like a blowoff than an indication of strong underlying demand.
Day: May 7, 2019
SMH Key Levels
SMH plays Fib levels pretty well, entering an area of serious congestion. Expecting at least a 50% retrace to 109, will be an attractive buy at some point
More Weakness
Current weakness is becoming better defined, the most serious consolidation so far this year.
