VanEck Semiconductor ETF
שורט

SMH, short term double top?

365
Although nothing really pans out, i suspect a potential double top for Semiconductor ETF.
While lots of GOOD news such as good economic or job data, and shortage of chips should propel SMH even higher but
as contrarian, i would take opposite opinion for next 3 months for a short hiatus for retracement

if the double top plays out
the first down side target base on % projection will be ~216.
and if this neckline breaks down,
next projection target is around 181
as to whether it can go lower to ~152 for major major support, that i am not sure

only time will tell

Please do your own D.D.
Not a suggestion to buy or sell this etf, only for research purpose

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