How Steve Miller’s view on $SMH changed

if I hover over the dialogue box next to SMH, there's a note that tells us that the daily cycle might show strength because the synced trough might already be in place.

So this is a very early turn here right now in the SMH to just be monitoring right now. We haven't actually cleared any kind of range highs yet, but uh this is something to certainly be aware of.

Now, I'm going to move on here to the SMH index. What did you say about SMH? We received a request regarding SMH earlier in the program, and I said I would present it here.

Interestingly, I do n't usually analyze this indicator; Katie and RV are following this , and you can see that they were expecting this market to move downwards in this timeframe.

There was a previous low here that aligns with the earlier low I'm going to show you in the Nasdaq index, and as you can see, they have a signal indicating a possible drop again.