SMH Semiconductor ETF just hit its highest weekly close on record. The price action is particularly interesting right now—it's approaching the 1.618 log Fibonacci level, a key resistance zone that traders have been watching closely. This kind of technical setup often attracts attention from market participants looking for potential reversal or continuation patterns.
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SMH Semiconductor ETF just hit its highest weekly close on record. The price action is particularly interesting right now—it's approaching the 1.618 log Fibonacci level, a key resistance zone that traders have been watching closely. This kind of technical setup often attracts attention from market participants looking for potential reversal or continuation patterns.