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Heroic Lifesaver

$VanEck Semiconductor ETF(SMH.US)Nothing much has changed on my view with SMH. However, let me touch on my TA opinions h…

$VanEck Semiconductor ETF(SMH.US)

Nothing much has changed on my view with SMH. However, let me touch on my TA opinions here.

I believe SMH is in the last leg of its pull back which looks like a wave 4 to me. This is either a WXY complex pullback or wave 3 of the C wave.

If SMH recovers strongly above 490 on elevated volume, that shifts the probability towards a bullish reversal.

@Captain's Treasure

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