$SMH bouncing off the $539 low—is this a relief rally or a full reversal? 📉
After falling from $575,SMH dropped to $539.43 before printing a minor green bounce back toward $551.
📍 Current: 551.60
🎯 Resistance Zone: 560.00
🛑 Invalidation: Below 539.00
Structure remains choppy. I want to see a clear reclaim above $560 to confirm buyer strength, otherwise this bounce risks turning into a lower-high trap.
Are you catching a bounce here, or waiting for more clarity? 👀
$AKE
$T
After falling from $575,SMH dropped to $539.43 before printing a minor green bounce back toward $551.
📍 Current: 551.60
🎯 Resistance Zone: 560.00
🛑 Invalidation: Below 539.00
Structure remains choppy. I want to see a clear reclaim above $560 to confirm buyer strength, otherwise this bounce risks turning into a lower-high trap.
Are you catching a bounce here, or waiting for more clarity? 👀
$AKE
$T
