Todd Gordon of TradingAnalysis.com says there are two main technical indicators that hint at more downside for semis.
Chip stocks are about to see more trouble ahead: Trader from CNBC.
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- Hans on BIG Resistance Numbers in the NASDAQ: “Whenever a sharp decline in a bull trend generates as much fear as the recent sharp setback (see the fantastic…” Aug 19, 22:38
- Tony C on BIG Resistance Numbers in the NASDAQ: “Thanks Todd appreciate your insight. I did have to laugh when I saw someone comment on the music. I thought…” Aug 17, 19:48
- greg on BIG Resistance Numbers in the NASDAQ: “thanks for the updates , I think the background music is very distracting especially for those hard of…” Aug 17, 10:25
- Tony Crom on Sector Rotation Report Weekly: I SPY with my little eye…: “Thank you for showing this relationship in SPY and IEF with RRG Julius. Always appreciate your thoughts!” Jul 30, 20:00
The change to a lower level may have some problems later. The technical indicators show the outcome in this direction.
Well, must say that visual information is more clear for me. I think that the author did a great job. Thank you for sharing.