Time To Trade TSM?
Taiwan Semiconductor has a setup that’s been forming for weeks now. I don’t know that it’s ready just yet, but I do think it’s struck a critical low.
Taiwan Semiconductor has a setup that’s been forming for weeks now. I don’t know that it’s ready just yet, but I do think it’s struck a critical low.
This congestion usually ends one way … and taking advantage of cheap end of day trades.
The market has shifted into more of a pinball type of market, where we can trade on a shorter term basis back and forth between support and resistance. Right now, the SPY is reverting to the mean, but after that, I am eyeing a swing long into $700.
Huge week by bulls to recover some of the damage to the longer term charts, but is it out of the woods yet? Sam reviews the core markets and the periphery to see how things are aligned into next week.