$SMH is below its 50d ema at 577 with a gap to 560 if it doesn't find footing. $MRVL, $SNDK, $MU, $WDC, and $STX are all at or near their own 50d EMAs right now, and $QQQ is building higher lows toward its 50d as well. Close matters more than intraday here. Weakness that persists through these levels near-term isn't good for the complex.
Aggregated and distilled by Two Sentence Traders. Not financial advice.