SMH Hits Key Fib Level: AAPL Record Highs & Chart Setups

The SMH dropped right to the .618 fib flagged yesterday and bounced. Apple hit a new all-time high. 🔗 Trade alongside the Verified Pro Traders in the Apex Live Day Trading Room: https://verifiedinvesting.com/product... Chip stocks opened under pressure after SK Hynix fell 10% in Asia, but the semis bounced right where Drew Dosek said they would. New York Fed President Williams said one more hike by year end may be enough, with none needed in 2027, and CPI comes out tomorrow at 8:30am. Drew maps the levels, plus a step-by-step lesson on drawing parallel channels. 📐 ON TODAY'S SHOW 🟢 SPY AND NASDAQ. SPY is flat, with a bull flag stacked on top of its inverse head and shoulders and holding above the neckline. The target is still $800.92. The Nasdaq dipped 0.15% but is holding its breakout. Support is the March trend line at 26,900, with 28,000 above. 🟢 SMH. Six straight red days ended at exactly the .618 retrace, right where support lines up with old pivots. Drew would feel better if it had filled the gap at $573. Near-term resistance is the bottom of the parallel at $594.58. 🔵 THE 10-YEAR AND METALS. Yields dipped and recovered, but the weekly topping tail is still intact. Resistance is 5.289%, and support is 5.021%. Gold's next layered support sits at $3,886 to $3,941 if $4,100 breaks. Silver is sitting on the 50% level of a parallel from 2008 at $59.15. A break targets $53.26, and Drew would buy physical silver from $53 down to $50. 🔵 BITCOIN, OIL AND NAT GAS. Bitcoin rose 1.7% and is holding $80,500, but bulls want it back above $85,000. Oil bounced off $86.90 on new attacks in Saudi Arabia, and the next resistance is $102.43. Nat gas keeps climbing toward $3.89. Drew would start buying a dip near $3.30. 🟢 AAPL. Apple hit a new all-time high and closed just off it. Money is rotating into a safer mega cap as memory stocks drop. Drew points to Apple's planned return to servers in 2029. Apple is near $5 trillion, close to Nvidia at about $5.4 trillion. He'd wait for a pullback before buying, with $333.49 the earliest spot to start. 🔴 STX AND SPCX. Seagate pierced $700 and bounced to $747. Drew expects a retrace to $860, then a fade, with Toshiba still a headwind. SpaceX fell 4.21% toward its inverse head and shoulders neckline near $155, which also lines up with a pivot trend line. That makes it a buy zone, with $217.98 still the target. 🟢 FSLR AND ORCL. First Solar rose 3.83% despite analyst downgrades, and $195 to $200 is the next test. Then the lesson: Drew shows how to draw an Oracle parallel channel step by step. Bulls want it above $146.94, then the 50% line at $162.82. 🔑 KEY TAKEAWAY: A fib level is strongest when it lines up with old pivots. The SMH's .618 matched prior resistance, so when price dropped into it, the bounce was waiting. ⏱ TIMESTAMPS (estimated) 00:00 SK Hynix Drags Chips 01:50 SPY's Stacked Bullish Patterns 03:30 Nasdaq Holds Its Breakout 04:50 SMH Hits the .618 07:00 The 10-Year 08:20 Gold 09:10 Silver's 2008 Parallel 10:50 Bitcoin 11:40 Oil Bounces 12:40 Nat Gas 14:50 Apple's All-Time High 17:30 Seagate Pierces $700 19:25 SpaceX Retests Its Neckline 21:00 First Solar 22:25 How to Draw a Parallel Channel on Oracle ✅ SUBSCRIBE for Trading The Close with Drew Dosek. No BS. Just Charts. 💬 COMMENT below: Does CPI push the SMH higher or lower tomorrow? 👤 FOLLOW @verifiedinvesting 🔒 Drew Dosek and the Verified Investing team will NEVER contact you asking for money or offering trades. Anyone who does is impersonating us. Report and block them. ⚠️ Educational and informational only. Not financial advice. Drew Dosek and Verified Investing are not registered investment advisors. Trading involves substantial risk of loss. Past performance does not indicate future results. #AAPL #ATH #Apple #SMH #Semiconductors #Fibonacci #Seagate #SpaceX #FirstSolar #Oracle #TradingTheClose #StockMarket #TechnicalAnalysis