IWM & SMH - Can 50DMA provide support？

SmartReversals
01-26

1. $iShares Russell 2000 ETF(IWM)$ has faced rejection at its 50-day moving average for four consecutive days, culminating in a doji candle.

Next week's price action will determine whether this bounce is sustainable or simply a reset of indicators before the resumption of the correction that began in November.

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2. $VanEck Semiconductor ETF(SMH)$ - Every bearish Stochastic crossover has proven its worth during the last months, will this time be different?

I don't think so, and the bearish engulfing candle following a shooting star builds on that thesis. Will the volume shelf be tested? Most likely, and we will learn if there is a higher low this time, hopefully the 50DMA can provide support.

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