Major Trendlines Break, Semiconductor Trade Implodes, Institutions Got You! Here's The Target

Semiconductors flashed a major bearish reversal at record highs, led by breakdowns in Micron and the SOX index.

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Source: DepositPhotos

The semiconductor trade just gave the single most bearish candle signal you can get, and it happened at all-time highs. In this video I break down the reversal engulfing candle on the SOX, the Micron and SanDisk breakdowns, where the S&P and Nasdaq bull-market trend lines actually break, and how capital is rotating out of semis into beaten-down names and crypto. I also cover the exact levels where I would step in as a buyer, and why I'm still patient here.
Video Length: 00:15::16

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