Back in April of 2019 we looked at the Semiconductors and noticed that they were breaking out from a 20 year consolidation.
Back April of 2019 the Semi’s were just emerging from an intermediate cycle low (ICL). They tacked on close to 300 points before declining into what turned out to be a 4 year cycle low. Now that they printed their 4 year low, the Semi’s are ready to keep going higher.
Cycle Trading 
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