SMH (Semiconductor ETF) is in a Precarious Technical Position

Mike Paulenoff MPtrader

In case you are not aware of it, the SMH (Semiconductor ETF) is in a very precarious technical position at the moment, as it tests its November 2016 up trendline AND its up-sloping 200 DMA. All eyes on the 99.30 to 97.92 support zone... Last is 99.30/31

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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