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cerealpatterns

what happens if we stay near the bottom of this range?

Short
Direxion Daily Semiconductor Bull 3x Shares (AMEX:SOXL)  
cerealpatterns Updated   
AMEX:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Trend Analysis Chart Patterns Technical Indicators beyondtechnicalanalysis
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trendanalysis chartpattern indicator beyondtechnicalanalysis
quite simply its very bearish. if semiconductors dont immediately rally over this pivot they wont come back this week. if they dont come back this week the whole market is headed down for now.
Comment:
were consolidating around the pivot daily and testing an area of support below
snapshot
semix show a pattern of overselling near bottoms of nadaraya and superenvelope
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