Semiconductor ETF Hits All-Time High...Buyer Beware?

$SMH

The SMH 0.00%↑ made a new all-time high in todays session, but we can see some bearish RSI divergence under the surface. Is this the break-out of fake-out?

I’m leaning cautious with this one, hoping to see confirmation above the $161.50 level to support any long thesis.

Another interesting nugget to consider..