接下来，SMH也下跌了。这个比我们之前覆盖的其他指数跌得更重。你可以看到SMH今天下跌了2.43%。不错的下跌，但看看发生了什么，我上周就强调过这一点，各位。我一直在家里研究SMH，说：“各位，长期模式以及半导体都是领先指标，所以要注意两者。
我们图表上显示的长期上升平行通道，加上这是看涨活动的领先指标，但我们正接近某些存储股的另一个反弹水平。我们稍后会在节目中讨论。首先，让我们看看SMH跌回这个平行通道。对于没有看过的观众，或者提醒那些看过的，这个平行通道始于2025年4月的解放日低点。
你可以看到今年7月的这次下跌，我们实际上刺穿了它，但只有四五个交易日，然后我们迅速反弹回到上方。所以，今天的大新闻就在这张图表上，SMH重新回到那个平行通道内。如果抛售在明天继续，下一个支撑位将在图表上的$526.10。
非常不错的重新进入这个平行通道的入场点，但如果不下跌并触及支撑，可能很难确认。确认需要日线收盘低于今天的低点$546.75。所以，我明天会非常非常密切关注SMH。
Next up, the SMH also declined. Now, this one heavier than the other indices that we've covered so far. You can see down 2.43% on the SMH today. Nice decline, but look what happened, and I did highlight this last week, guys. I've been drilling at home with the SMH saying, "Guys, the longer-term patterns, as well as the semis, are leading indicators, so pay attention to both in the semis. Our long-term inclining parallel that we've got displayed on our chart, and then plus this is a leading indicator for bullish activity, but we're getting close to another bounce level on certain memory plays. Something that we're going to cover a little bit later in the show. First off, let's look at this SMH dropping down back into this parallel channel. For any viewers who have not seen this or to remind the ones that have, this parallel began back here at the liberation day lows back in April of 2025. You can see with this fall that we had here in July of this year, we actually pierced got inside of it, but only four or five trading days and we quickly bounced to get right back above. So, the big news story of the day today is right here on this chart with the SMH getting back within that parallel channel. Next support, should the selling presume in into tomorrow resume into tomorrow, it's going to be at $526.10 on the chart. Very nice entry back into this parallel, one that could be hard to confirm without coming down and tagging support. Confirming it would be a daily close under today's low at $546.75. So, I'm going to be watching the SMH very, very closely tomorrow.