Declan Fallon | Sep 11, 2018 12:12AM ET
Bulls stuck around for another day as triangle support held in the Semiconductor Index along with the NASDAQ Composite.
The Semiconductor Index returned above the 20-day MA but it came with MACD trigger 'sell'. Relative strength vs Tech Indices flatlined from July but is attempting a turn higher, albeit quite erratically.
NASDAQ channel support held for another day. A tight intraday range offered a new opportunity for bulls who missed their chance on Friday. Stops go on a loss of 7,870; the target is the upper channel. Technicals are still bearish so pure technical traders will need more to be convinced.
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