$SKHY is setting up for its 9th straight red day tomorrow. $SOXX and $SMH are both on track for their 8th consecutive down day.
That's brutal. Nine straight red days is capitulation territory. When semiconductor ETFs like $SOXX and $SMH bleed for 8+ sessions, you're either at a washout low or there's serious structural damage happening.
This is where you need to watch for exhaustion setups. If we get a reversal candle with volume, that's your signal. But if it just keeps grinding lower, stay patient. Don't catch falling knives just because something "looks cheap."
The streak itself is the setup. Watch for the break.
That's brutal. Nine straight red days is capitulation territory. When semiconductor ETFs like $SOXX and $SMH bleed for 8+ sessions, you're either at a washout low or there's serious structural damage happening.
This is where you need to watch for exhaustion setups. If we get a reversal candle with volume, that's your signal. But if it just keeps grinding lower, stay patient. Don't catch falling knives just because something "looks cheap."
The streak itself is the setup. Watch for the break.