Market Analysis (10 June’21)

If tech is to lead again, we should see its main components staging break outs into the new all time highs. One of the most important tech components is the semiconductors sector (the SMH ETF). The SMH has formed a bullish Symmetrical Wedge during the last 6 months and there is at least 70% chance that this formation will lead to higher prices in the second half of 2021.

SMH, daily

SMH, 2018

SMH, 2014

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