Semis Just Flashed A Very Bearish Signal

2026-08-18 / John Carter

Loading the player...

Rare session today. We gapped down and then sat in a range of less than 20 points, and the bigger story was the reversals showing up across the semis. The SPX finally cracked the $7698 level I have been watching, which opens the door to the 21 EMA at $7647. I am playing for reversion to the mean and using it to shop for longs.

Heather Vanek has her Swing Scalping webinar tomorrow night! When the indexes are rotating and the semis are printing island reversals, getting in and back out cleanly beats sitting there hoping. That is Heather’s wheelhouse. Grab a seat:

2026 Q3 HV Swing Scalping – WR1

John Carter

John Carter’s father was a Morgan Stanley stock broker. One day during high school, John came home from the mall where he was working at a store making cookies. He had saved up $1,000 over the course of a few months and his dad told him that he and some of his friends were going to buy “some call options on Intel” the next day. With his father’s direction, he bought 10 call options at $0.75, and sold them a few days later for $1.50, doubling his money. He was hooked and has been trading ever since—going on 25+ years now.