Afternoon Update – SOX Fills the Gap, 3C Moves

I was waiting to see how this would play out. SOX Index (5M) filling last Thursday’s gap down.   And SMH’s intraday 3C shows a notable negative divergence as that happens. SOXX and SMH’s trends, as shown in the last post, are negatively divergent. I just haven’t gotten the same level of intraday confirmation from…