The Market Vectors Semiconductor ETF (SMH, Financial) has established critical pivot points, which traders are closely observing. According to calculations using the DeMark method, the pivot high is set at $188.61, while the pivot low is marked at $183.62.
In technical analysis, surpassing the pivot high could indicate a bullish trend, suggesting a potential for upward momentum. Conversely, if the price falls below the pivot low, it may be seen as a signal of bearish sentiment, possibly leading to further declines. Investors and traders will be monitoring these levels for any significant price movements in either direction.
