Trade Setup In SMH Semiconductors ETF

By Chris Vermeulen of The Technical Traders

Technical Trader, Market Forecaster, and Author • Jun 1, 2022 at 1:27 PM EDT

SMH has a good potential of a 6 to 7% rally over the next week or so, which has potentially already started.

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In today’s trader tip video, Chris talks about SMH which is the Semiconductor ETF. We are just starting to see technology stocks come back to life, and money is starting to flow back into these gross stocks.

Overall, we are keeping our eyes on this trade setup in SMH. It has a good potential of a 6 to 7% rally over the next week or so, which has potentially already started. SMH is a very quick trade. We get in, look for the move, and start to scale out as it moves higher.

Video Length: 00:02:37

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