Don't fight the trend.... $Semiconductors are now reaching the 300% Fib Retracement level from the Feb/March decline
Momentum remains incredibly strong and confirmatory, no divergences exist yet
The ADX, our trend strength gauge, is nearing 40 - indicative of an extreme trend. ADX does not show signs of rolling over yet... when this begins to peak, traders may consider closing their trend positions
*Not a recommendation
@SchwabNetwork @SchwabTrading