T3 Live on $SMH (Nov 8, 2026)
SMH led the selloff as the most volatile and is almost at its monthly 20 MA, so one more drop is possible; but many SMH components have already reached their monthly 20 MA, usually a bottoming area, so it is hard to say SMH is still lower.
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The bare selloff was led by the SMH, of course, which is the most volatile. The thing about the SMH that's a little bit tough is that if you look at the monthly chart, it's almost at the 20 MA.
Almost. We may still have one more drop to go, but a lot of the stocks in the SMH index have made it already to the to the 20 to their 20 MA on the monthly. And that's usually like where things bottom.
So that's the only thing that I think is difficult about uh the SMH and and saying that it still is lower because we've we've almost hit the target almost.
What this channel has said about $SMH
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