Semiconductor Index Shapes ’Bull Flag’

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Semiconductor Index Shapes ’Bull Flag’

While we wait for the () to push past the March swing high, we have a ($SOX) ready to break past a small ’bull’ flag, using the 200-day MA to leverage the push higher.

Technically, the CCI is a ’sell’ but other indicators are bullish, including a relative performance advantage over the .

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The Russell 2000 ($IWM) remains primed to move higher. Little more needs to be said, although an undercut of Monday’s low would be an aggressive short.

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The and remain on course to test February highs off the back of solid technicals.

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is pressuring highs, ready to deliver a measured move to $145K if it can close the week near current levels.

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For today, look for trades in the Russell 2000 and Semiconductor Index, and longer-term investment opportunities in .

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#Semiconductor #Index #Shapes #Bull #Flag

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