SMH tests major resistance level

قبل ٧ أيامSMH has rallied nicely the past 2 days and now reached major downward resistance level again. This is a crucial area for SMH to break in order for more rallying to continue

• Resistance defined well during late August
  
• ETF now presses up against resistance again
  
• Volume declines as resistance is reached.
  

Overall I am expecting a reversal to start forming around here. Figure on SMH testing the level before retracting back down to lower levels again.