SMH-5-9-19

SMH - perfectly follows the bearish count

My RED Box nailed the very top of SMH. And then it started the expected drop structured as a-b-c down structure. 

In my previous update I wrote: “This decline in wave c would complete the first leg down structured as a-b-c. It may target 123.6% ext of the first drop in wave a (108.94) coinciding with an unfilled gap up at 110.40 – 108.57.”

As you can see below, it has already filled the first gap down but may stretch lower to fill the second unfilled gap located in between 107.60 and 106.55.I have a meaningful 176.4% extension of the wave a down at 105.10 which is my next target for this move down.

SMH - 240 min chart updated on 5/9/2019

SMH-5-15-19
GET REGULAR MICRO UPDATES FOR ONLY $24.99/month SMH - nailed the target for this correction down In my previous update ...
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SMH-5-13-19
GET REGULAR MICRO UPDATES FOR ONLY $24.99/month SMH - perfectly follows the bearish count In my previous update I wrote: ...
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Price forecast for SM ETF updated on 5 May 2019 by castawaytrader.com
GET REGULAR MICRO UPDATES FOR ONLY $24.99/month SMH - perfectly follows the bearish count My RED Box nailed the very ...
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SMH-5-7-19
GET REGULAR MICRO UPDATES FOR ONLY $24.99/month SMH - started an expected drop in wave c down off the top ...
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SMH-4-30-19
GET REGULAR MICRO UPDATES FOR ONLY $24.99/month SMH - is closing a gap down in a corrective a-b-c up structure ...
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SMH-4-26-19
GET REGULAR MICRO UPDATES FOR ONLY $19.99/month SMH - the Red Target Box kills the rally The rally looks having ...
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SMH-4-25-19
GET REGULAR MICRO UPDATES FOR ONLY $19.99/month SMH - the Red Target Box holds In the previous update I wrote: ...
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SMH-4-12-19
SMH- no sign of topping yet I have been posting SMH micro charts to show you how robust the Harmonic ...
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SMH-4-4-19
SMH - consolidating before another push higher into the target box! On 1 April 2019 I posted a chart below ...
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SMH-3-20-19
SMH - may need another rally to a new high after this pullback SMH has been nicely following the legacy ...
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