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Major Negative Pattern Developing

Please click here for an enlarged chart ofVanEck Semiconductor ETF(NASDAQ:SMH).

Note the following:

• A large number of stocks benefiting from artificial intelligence are semiconductor stocks. Examples areNVIDIA Corp(NASDAQ:NVDA),Advanced Micro Devices, Inc.(NASDAQ:AMD),Micron Technology Inc(NASDAQ:MU),Arm Holdings PLC – ADR(NASDAQ:ARM), andApplied Materials, Inc.(NASDAQ:AMAT).
• The chart shows that a heads and shoulders pattern is developing in semiconductor ETF SMH. The chart shows the left shoulder, the head, and the developing right...