$TSM reversal to the downside after JPOWs speech. Broke the support trendline. I anticipate a small weak bounce this week and a possible H&S formation. Looking for a retest at the ~$85 level -> $86. Any rejection or failed breakouts and I’m taking Puts. Any breakout to the upside and I’m taking calls.

$Taiwan Semiconductor Manufacturing(TSM)$

# Will Semi earnings drive stocks higher?

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