Long
SMH - still bullish semiconductors
Updated
Assuming (and with my counts it's only a distant possibility) this EW count has any correctness the biggest question is whether the 2018 correction has finished or if there is more downside to come. It has retraced to the 23.6 fib as opposed to the deep correction in wave 2 so in the EW theory of alternation, you never know. Personally, I going for more upside but perhaps that just because I'm in an optimistic mood today.
Note
Ummm. that's a nice bounce off the 38.2 fib retracement. Correction over? 5th wave starting? Bull trap? All seems a bit obvious to me but.....
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