[Trading View: Technical Signals Indicate Short-Term Bearish Outlook for Semiconductors, South Korea's KOSPI Index as a Leading Indicator Has Fallen Below the 50-Day Moving Average] BlockBeats News, July 3, trader 3X Long Labubu stated that based on technical signals, there is a short-term bearish outlook for the semiconductor sector, particularly in memory and semiconductor equipment. The trader has already liquidated related positions and shifted focus to more defensive software stocks and the seven major U.S. tech giants. The specific reasoning is that South Korea's KOSPI Index, often considered a leading indicator for the semiconductor cycle, has fallen below the 50-day moving average, while Micron Technology has simultaneously dropped below the 21-day moving average. The trader plans to reassess next week, and if Micron Technology ($MU) regains key levels, an automatic buy-stop order will be used to replenish positions. [Original Link]