Excellent short opportunity on SMH

Not trading advice.

I am short the SMH

Currently with $196 puts

ความคิดเห็น:

Open Gaps just from this week.

Another down near $175

การซื้อขายยังคงดำเนินอยู่:

ความคิดเห็น:

การซื้อขายยังคงดำเนินอยู่:

การซื้อขายยังคงดำเนินอยู่:

ความคิดเห็น:

Big moment coming up here. Bearish pennant formation from the open, the likely move here is to the downside into the close.

ความคิดเห็น:

Lower High for the RSI on the daily chart. Rejection zone here.

ความคิดเห็น:

Staying short here, anything good on vaccines or good for value to come out on news and SMH and semis will continue to get sold as a proxy for profit taking, overbought (expensive P/Es), etc. Pick your reason, but Semis run is done in my opinion.

ความคิดเห็น: