Back to my semiconductor short thesis. Above was todays move you can see the semis have been a bit toppy as of late. Below you can see how the move on a weekly basis looks. If has not tested the 10wma in 12 weeks. I would expect a 10wma test at the least. That is about 1.2% lower than we are now after todays 2.25% sell off.
Elsewhere in the markets not seeing a whole lot of good entries, most of the stocks have moved above their LRE and I don't chase, look at KNDI today to see why... The miners are treading on thin ice here may have to book a small loss on the August options if we lose the below trendline.
Best of luck to you all!