Image Source: Unsplash

Let’s get serious about the semiconductor index. This beast has a perfectly good chance of completing a relatively small but spectacularly well-formed head-and-shoulders top. Indeed, it would take only one good down day, no more dazzling than Friday’s, to get the job done. I would like to offer unto you my target for such a measured move, tinted in green.

My own position is anchored to October puts on the SMH itself. Thus, the measured move there is more relevant to me. It’s as easy as 1-2-3.

By way of my measurement tool, I have roughed out the target in the same fashion.

Let’s just say that the week ahead has the prospect of being much more interesting and memorable than most.

More By This Author:

Let’s Light This Candle
Where's The Beef?
US Poverty Rate Jumps Up