Semiconductor breadth is quietly diverging from the index
The index-level chart looks calm, but fewer chip names are actually making new highs than three weeks ago — a pattern that has preceded pullbacks twice already this year.
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The index-level chart looks calm, but fewer chip names are actually making new highs than three weeks ago — a pattern that has preceded pullbacks twice already this year.
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Fewer chip names are making new highs than three weeks ago.
Perp funding rates crossed zero for the first time since July.
A breakout here would ripple through every major pair.
The usual relationship has decoupled — twice before, that meant a pause.
Do the math before you place the trade.