Semiconductor Index Upside Looks Limited as Elliott Wave Target Nears
In a recent update on the semiconductor index (), we showed that, based on historical analyses of the relative strength indicator (RSI) returns for the short-, intermediate-, and long-term, the average returns were -7%, +15-25%, and -8 to -26%, respectively. See Table 1 below. Table 1: Forward returns when the daily RSI5 and 14 are ...












