4 hourly charts 4 hourly charts 4 hourly charts 4 hourly charts 4 hourly charts 4 hourly charts
this bounce in tech is kicking off the morning, but its not rocketing to new highs, and in this macro environment im not changing from bear bias totale. i will consider 4hr longs taking profit into pivot or upper smart money concepts profile area resistance. remember to reenter short on bear momo.
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted...
Look daily stoch heading down we can pull back some know look at the weekly stoch heading up so any sell off will be small
SOXL was supported by a support line with rising lows and started an uptrend.
we are at the low end of top anchored vwap. if we get over this pivot and support meaningfully we could see a test of sss moving average or signal around upper horizontal and gap close. if we remain beneath and resist with sss signal and qqe staying red id look for that lower horizontal.
First off, please note that this is not a good investment instrument. The leverage, and management fee, and volatility are just not for value investment. You need to buy it at the absolute low to profit. Anyone to buy this EFT need to be very cautious. Secondly, using an options strategy may help, but the liquidity is a big concern. You pretty much see a loss at...
SOXL retracement trade to start off the week. Week will probably turn extreme bullish around tuesday / wednesday. This is a quick scalp in the first hour of monday. Playing with puts.
the semiconductor industry stocks are so far outside of what is fair value to the downside that by december 2023 its just a guarantee that we will be back up to the tope of monthly envelope.
record buying volume all last week. will gap back into the channel. gaps at $10 and mid 13 range. gaps much higher to follow
many better setups for longs out there IMO, looks like this one wont break downtrend anytime soon. upside to 9-10 before next leg down is possible
Months ago, SOXL came into the radar, and as it broke out, it also failed along with the rest of the markets. There were many clear opportunities on both sides. SOXL has more than halved its value since its last high. Is it over extended to the downside - yet? Short of the lack of a higher low, and being way ahead of the curve, SOXL appears to be having a bullish...
SOXL - BUY - Completing 18 Month Long Correction This is in WEEKLY LOG mode for reference A brutal 18 month long correction nearing completion. I will be looking for a bullish fractal to emerge soon. Notice huge volume....capitulation. Stay tuned...
This is in my opinion like buying oil stocks in the march 2020 crash. Semis to technology is like oil to transport. The world will not survive without either. So I place my long here today confidently regardless of the next few weeks or months. I will hold this until we re-reach our previous ATH which will be sooner than most anticipate. I expect by 2025 this will...
SOXL is holding the Oct VWAP and currently above 5DMA, looking for a test of 12.50 before Friday. If we have market support this move should be relatively easy. Let me know your thought below!
BACKGROUND: SOXL (3x ETF) created a great reversal pattern back in JUNE - JULY 2022. It's tempting to ignore it because it ultimately failed on 8/26/22. Nonetheless, it was a great technical entry point when the price broke above $17. CURRENT PRICE ACTION: The reason I'm pointing out what happened in JUNE - JULY is because SOXL ETF is forming another BULLISH...
Due to the rise in bearishness, I predict $SOXL will get to the below support lvl at 6.77.
Soxl has never crossed below 30 rsi according...to the RSI 1 Day Chart. To me this looks like a signal. To be very cautious about puts right now and keep an open mind to a big reversal due to being officially oversold. ALSO the SPY has crossed Below 30 on the RSI which is more oversold than it was at the June lows bottom before turning around. So keep an eye on...