SMH-5-13-19

In my previous update I wrote: “I have a meaningful 176.4% extension of the wave a down at 105.10 which is my next target for this move down.” This morning it has made a low at 105.40. On the chart below you can see that the price has tested 200 MA at 105.59 (the blue line). From here we may get a meaningful pullback up.