The Market Vectors Semiconductor ETF (SMH, Financial) is currently under close observation as it approaches critical pivot points calculated using the DeMark method. Investors are keeping a watchful eye on the pivot high of $194.77 and the pivot low of $190.43 for the ETF's next potential move.
A breach above the pivot high of $194.77 could signal a bullish trend, suggesting the potential for further upward momentum. Conversely, if the price dips below the pivot low of $190.43, it may indicate a bearish trend, prompting traders to anticipate potential declines.
The DeMark method is a widely used technical analysis tool that helps traders identify these pivotal price levels, informing their buy or sell decisions in the volatile semiconductor sector.
