SMH Back Inside Of Parallel Channel — Critical Support Level Recaptured

Three setups. One focus. Every weekday.

Is the market correction just beginning or is this the buying opportunity of the year? With Home Depot plunging over 6%, we're seeing one of the most significant sell-offs in recent weeks. In this video, I break down the critical support and resistance levels that will determine whether this is just a healthy pullback or the start of something bigger. I'm Benjamin Pool, Head Trader at Verified Investing, and on today's Top Trades of the Day, I'm analyzing the technical indicators that matter most right now. We'll examine key trendline breakdowns, identify crucial support zones where buyers might step in, and discuss the resistance levels that could cap any potential recovery. This isn't just about one stock - this market action is sending ripples across multiple sectors. Whether you're a seasoned trader looking to protect your portfolio or a newer investor trying to understand market dynamics, you'll learn exactly what levels to watch and how to manage risk during volatile periods like this. I'll share the same technical analysis framework I use every weekday at 8:45 AM to identify high-probability trading opportunities. Understanding support and resistance levels during sell-offs is critical for making informed decisions. Don't let fear or greed drive your trades - let the charts be your guide.

#TechnicalAnalysis #SupportAndResistance #MarketSellOff #TrendlineTrading #MomentumTrading #RSITrading

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📺 About the Show:
Trading with RSI (Relative Strength Index) is a powerful tool that not enough day traders and swing traders utilize. Join Verified Investing's Head Trader Benjamin Pool for Today's Best Trade Setups as he shows you how to get the most out of this key indicator for your trades. Each weekday at 8:45 am ET Ben walks through his best Trade of the Day during the premarket, using RSI as his guide. Each episode, Ben will recap how the previous day's trade performed and provide his next daily trade setup prior to the market open.

🔗 About Benjamin Pool: https://verifiedinvesting.com/pages/profiles/benjamin-pool
📘 Show Details: https://verifiedinvesting.com/pages/show/rsi-trade-of-the-day
🌐 Visit Verified Investing: https://verifiedinvesting.com/