The semiconductor trade just gave the single most bearish candle signal you can get, and it happened at all-time highs. In this video I break down the reversal engulfing candle on the SOX, the Micron and SanDisk breakdowns, where the S&P and NASDAQ bull-market trend lines actually break, and how capital is rotating out of semis into beaten-down names and crypto. I also cover the exact levels where I would step in as a buyer, and why I'm still patient here.
All charts and data, no BS.
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CHAPTERS
00:00 Have the semis officially topped out?
00:57 The big SOX drop and the warning signs
01:19 Reversal engulfing candle: the king of bearish signals
03:35 SanDisk breakdown and the scene of the crime
04:25 Micron: the reversal nobody wanted to see
06:30 Analyst upgrades as topping signals (FOMO exit liquidity)
08:00 Being the casino, not the gambler
09:30 Why the S&P held up: rotation of capital
10:50 The bull-market trend lines that matter
12:25 Micron buy zones I'm watching
14:20 SanDisk levels, crypto rotation, and the wrap
#Semiconductors #Micron #StockMarket #TechnicalAnalysis #GarethSoloway #Sandisk 
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