If these stocks break down, then you know the trade war is serious
A similarly breakdown in the semiconductor house would be a meaningful warning signal that a alternate struggle with China is coming, in accordance to Jason Hunter, chart analyst at J.P. Morgan.
Hunter, who strictly follows charts to make buying and selling pointers for clients, stated in a note Tuesday that they must watch the 1,430 degree on the Philadelphia Semiconductor Index (SOX). If the index falls under that, it could imply trouble.
The group used to be getting pounded on Tuesday, however had but to damage that key level of help yet.