SMH (daily)
The problem with SMH:
Today is attempting some recovery off Fridays big red candle with what has potential to be a piercing candle, but needs to clear at today's close above Friday's pivot at 147.84 to offer any hope.
The test is label B, at 143.35. Bulls will want this to hold, or it will be a fast trek down from there.
9/21/23 will be a key day, if the time cycles hold up.
Today is attempting some recovery off Fridays big red candle with what has potential to be a piercing candle, but needs to clear at today's close above Friday's pivot at 147.84 to offer any hope.
The test is label B, at 143.35. Bulls will want this to hold, or it will be a fast trek down from there.
9/21/23 will be a key day, if the time cycles hold up.
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