SMH has broken down but left a small bottom tail, with some buyers at fairly big support from 636. It is still hard to trust: down three, not leading the tape, lagging and working off a parabolic move, with yesterday's high at 560 versus 563.
He framed it in days
“Scott Redler’s #630club - LIVE Premarket Stock Market Update”
T3 LivePublished Oct 16 · 1 passage
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So, SMH SMH kind of broken gave you a little bit of a bottom tail. Um, some guys were buying yesterday into support. This is a pretty big support. Um, you know, from 636 down. Um, I didn't write down this low.
It's probably off a little bit this morning, right? It's still, you know, still hard to trust. It's down three. So, it's not leading the tape. It's lagging. It's still trying to work off this parabolic move. Um, what's yesterday's high? 560. This is 563.
What this channel has said about $SMH
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