HUI 60 min has fallen out of it's channel. Right now I still expect another 25 basis pt hike and little change if/any in the language. As such we'll probably get more buying ops post Fed. Market has sold off prior to Fed so a bounce is certainly possible, but risky environment here still. Sold 1/2 my SMH trade when it broke 32 today. Still looks like it could move higher IT, but cutting my losses in case I'm wrong.
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