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Chief Market Strategist Gareth Soloway does another Master Class of technical analysis for investors and traders, analyzing the weekly chart of the semiconductor ETF (SMH). Based on the 200 weekly moving average, the semi's topped out in the last week and are likely headed lower by 40%. This is ground breaking analysis, showing how each of the last bull runs on the SMH extended above the 200 weekly moving average by 102% before collapsing 40%+. The SMH in the last week got above its weekly 200 moving average by 102%. Probability dictates the top is likely in for semi's and possibly the market.

Video Length: 00:08:48

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