Mar. 6 at 6:31 PM
$SMH $NVDA $QQQ $SPY Semiconductors (SMH) is pulling back toward the rising wedge support, and the
$382 -
$372 horizontal band (defined by the 1/5/26 open, the 2/4/26 down‑candle close, the 10/29/25 high, the 1/2/26 close, and the 2/4–2/5 lows), providing meaningful technical "confluence" beneath price. Momentum remains below 50 and pointing down, confirming that sellers still control the short‑term tape. A bounce or consolidation would most likely occur within this
$382–
$372 zone "if" buyers are going to defend the structure. A break and close below the 10/29/25 open/high cluster and out down below of the rising wedge — with RSI remaining sub‑50 — would represent a materially bearish confirmation for the group:
