Within the daily time frame, Semi's are struggling and S&P resistance has been shown at R2 ($77.60). However, Cumulative Tick, the Advance-Decline Line and Advancing Volume remain very bullish. So we have a conflict between key levels and momentum. I'll bet on momentum for now, but we are officially overdue at least a small pullback here, and it could turn with very little notice -- watch that trend line!
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