On Monday we looked at  performance of the Semiconductor Index in relation to the S&P 500. The Semi's ran into resistance back in early March. After a correction it broke through resistance in June, but could not hold above the resist… Read on blog or Reader Cycle Trading Read on blog or Reader Semiconductor Update By likesmoneystudies on July 4, 2024 On Monday we looked at  performance of the Semiconductor Index in relation to the S&P 500. The Semi's ran into resistance back in early March. After a correction it broke through resistance in June, but could not hold above the resistance. So based on Monday's chart we were watching for "kiss good-bye" to signal a sell off in semiconductors -- which did not happen. On Wednesday semiconductors delivered a bullish surprise by closing back above the resistance level. Semiconductors are in a daily uptrend. Closing back above the resistance level indicates a continuation of its daily uptrend and signals a cycle band buy signal. Comment Like You can also reply to this email to leave a comment.

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