T3 Live on $SMH (Nov 1, 2026)
SMH is the weakest of the group: it has not yet broken its prior low, but losing Friday's low and then that low would leave no support for a long way down, though he is not saying it will drop to 400. He will wait to see if SMH breaks about 511, with next support near 503-504, and a break of about 500 would probably mean lower.
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SMH crashed down with it
The SMH to me is the weakest. Uh, it already took out probably this low, maybe not. Yeah, not yet. But if we take out Friday's low and if we take out this low, then who knows what the next where the next support is because there is no support all the way down to here.
I'm not saying we're going to drop to 400, but the IW the SMH is definitely the the one that is most interesting or weakest.
So, I think we'll uh we'll wait and see if the SMH breaks 511 or so, at which point the next support area will be about 504 503. And if we break 500 or so, then probably lower.
What this channel has said about $SMH
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