SSG Daily Inverse Semiconductors Falling Wedge Positive Divergence

Beautiful postivie divergence. Keep in mind that SSG is an inverse ETF so this means that the semi's, $SOX, are topping now and turning over. The neon green highlights three gaps, typically the gaps are always filled so these are handy target levels along with the horizontal support and resistance lines. Both SSG charts are coming up off the oversold conditions and both display falling wedgies which is also bullish (bearish for semi's). These two charts illustrate how the broader markets are topping and in trouble as of 2/11/11. This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.