The Market Vectors Semiconductor ETF (SMH, Financial) has identified critical pivot points that could indicate significant future price movements. According to recent calculations derived from the DeMark method, the pivot high stands at $212.67, while the pivot low is marked at $205.58. These pivots serve as key indicators for traders and investors.
A breakout above the pivot high of $212.67 could be seen as a bullish signal, suggesting a potential upward trend for SMH. Conversely, if the price falls below the pivot low of $205.58, it may signal a bearish trend, indicating possible downward movement. These levels are crucial for those tracking the movements of the semiconductor sector through this ETF.
Traders often monitor such pivot points to make informed decisions, as they reflect critical levels of support and resistance. As the semiconductor industry continues to experience volatility, keeping an eye on these key thresholds could provide valuable insights for market participants.
