$SMH demand zone

In a demand zone, near the 200d ma at 270. Looking for a bounce around there. Calls above 282 for confirmation of a shift in trend. With TSM ER beat 2 weeks ago and INTC/TXN/LRCX/XLNX ER runup this week, could be a catalyst for a bounce at these levels. Inverted hammer not looking so pretty though.