$SOXL
Added 2024-07-18 12:00:46 +0000 UTC$SOXL is painting a bleak picture now and it must be said that this is a 3 X leveraged position ETF, so will always look for volatile.
Price had pulled back just short of the blue line at $70 and has now made a lower low and lost the 50 Day MA which is not a good sign, the 50 Day MA would need to be recovered quickly to stop the onslaught here of selling, if $NVDA continues selling, it will likely reject its 50 Day on a retest.
$AMD is in this ETF but only accounts for 5.46% of this ETF
The 0.5 Fib is at the 200 Day MA at $38 now....a pull back to this level would be an attractive buy I believe.
