The Market Ticker - That Which Hasn't Happened In A Year...
… just did.
Specifically, on my trading indicators, the SOXX (Semi index ETF) has not seen a “sell” indication for the last 12 months. In that time it has gone from a low of 260 (when it touched that indicator) to 656. But yesterday it penetrated that line decisively and closed below it, at 478.53.
Now it might not hold that break; it could, quite-easily in fact, bounce back through to the upside.
But — and this is very important – that ETF has been arguably THE lead in the market over the last year and if the break is real and holds it portends very, very bad things for…….
(Click link to read more)
Source: https://market-ticker.org/akcs-www?post=256123
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