$SOXL
Added 2024-12-10 17:05:43 +0000 UTCThere are no changes to the chart here but it is worth sharing this again to show where I have Wave C and this has been in place for months now.
A break down out of the wedge is not a good sign, followed by a rejection below the wedge and the 0.618 Fib over the last week.
A flush down to the 0.78 Fib at $20 could make this attractive again, once it holds.
Comments
Cap, do you also track TECL and FNGU? FNGU especially ran up 14 to 15x since the last bear market. I couldn't find charts for them. These are also leveraged Tech ETFs.
Prasanna
2024-12-11 11:32:16 +0000 UTCChina tariffs will also impact semis
Anil Samuel
2024-12-10 17:15:31 +0000 UTCThank you Cap. Also, given that you anticipate corrections in January, could that further affect Semis? Or do you have a feeling that they have already been beaten down to some extent? I am just trying to understand your PoV.
Prasanna
2024-12-10 17:11:36 +0000 UTC
