With August and the summer winding down, the focus is squarely on Nvidia reporting tonight – it's the grand finale in every sense of the word. The stock's reaction will have an influence on just about anything related to equities, but no ETF will be affected more than the VanEck Semiconductor ETF (SMH) . The implications will be substantial, and it deserves our attention from a chart perspective. First, the ETF has barely moved since early July, with false breakout and breakdown attempts having taken place various times over the last few weeks. This can best be categorized as a six-week trading box. Notably, SMH has done a good job capitalizing on two prior digestive phases (also trading boxes), both of which turned into continuation patterns within the larger uptrend. Said uptrend all sta
A main chip sector ETF is trapped in a box. Can Nvidia earnings break it out?

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