Semiconductors Short TradeAs you can see, we are way above the mean. RSI has been OB for too long on the weekly chart... it is time for a retracement. I am not in trade yet, waiting a couple more days for confirmation.
SOXS
SMH - SEMIs above and beyond!Semiconductors have defied the gravity for sure!
They act similar to IBB just before it rolled over.
For now, it is consolidating above a major trendline.
Probably another move up!
$SOXX - Mountain TopEntered my 1st pos short via $SOXS - One of the hottest sectors this year since the Feb 2016 lows.
