Keep an eye out on the S/T trendline for $Taiwan Semiconductor Manufacturing(TSM)$ , which coincides with its 50 dma. $Taiwan Semiconductor Manufacturing(TSM)$ & $NVIDIA Corp(NVDA)$ are the 2 largest % components of the$SMH, and if TSM breaks down through that S/T support it'll likely decline to test the 200 dma; and the $VanEck Vectors Semiconductor ETF(SMH)$ will very likely follow.
$Philadelphia Semiconductor Index(SOX)$
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