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Will Semiconductors Reversal Lead Stock Market Lower?

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Vaneck Semiconductor ETF Notizia

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Stocks Analysis by Chris Kimble covering: VanEck Semiconductor ETF. Read Chris Kimble's latest article on Investing.com

As we have pointed out several times, the bull market’s run higher has been led by technology stocks, more precisely, semiconductor stocks.

SMH created a bearish reversal at its 261% Fibonacci price level…this also occurring over the first day of summer and a full moon. And the Relative Strength Index looks to be creating a bearish divergence.Scan QR code to install app

 

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