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Since the lows in 2009, the NDX 100 and Semiconductors (SMH) has been much stronger than the S&P 500 (Upside Leaders).

The NDX 100 (left chart) and Semiconductors (right chart) are very near 2018 highs, which happen to be all-time highs as well.

If both would break out at each (1), they would send a bullish message to tech and the broad markets as well.

Keep a close eye on both, as breakouts would send a quality bullish message from leadership.