SMH - up 33% in 21 Days

SMH up 33% in 21 trading days, and 14% in the last 2 days. SMH has not come back to its downtrend line with lots of air and gaps to fill below. AMD and NVDA up more than the index itself during the same time. As of the close semis are down just under 31% on the year. Semiconductor bear markets are much deeper and longer. Looks like the next leg down may be just around the corner. Happy Trading!