SMH closes lower on Monday trading
SMH starts showing direction as to where it is going... down.
SMH is starting to show signs of downward trend forming
Putting on a small put position to close in mid October. May expand on position if trend continues.
- 3 separate points paint a clear downward resistance trend line
- rejected hammer candle gave way for more selling
- RSI still continues to trend down on multiple timeframes
SMH is starting to show signs of downward trend forming
Putting on a small put position to close in mid October. May expand on position if trend continues.
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