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This Key Part of the Technology Sector Could Be Flashing Warning Signs: Chart of the Day

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July 27, 2021

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Semiconductors have been a key pillar of the S&P 500’s advance since 2016, and now they may be flashing a warning signal for the overall market.

This chart of the Philadelphia Semiconductor Index shows how gains have been slowing all year. Prices have squeezed into an increasingly narrow range, with the 50-day simple moving average recently dipping within about …

For more, please click here to view the related idea and chart analysis on TradingView.

Philadelphia Semiconductor Index, daily chart with selected patterns, courtesy of TradingView.

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This Key Part of the Technology Sector Could Be Flashing Warning Signs: Chart of the Day

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