SOXL Gap Up Potential.

Gap Ups can occur past a range that experienced previous consolidation in attempt to continue to challenge the next price zone.

SOXL made a strong move up to a previous zone of resistance. look for prices to jump into the $48.16 to $50.98 area marked in the purple square.

The Linear Regression + RSI indicator had a potential bottom signal without confirmation of the William Vix indicator that is showing toping potential. This can sometimes indicate a break through of a current "top".

Comment:

SOXL didn't Gap, but looked for support before moving Up into the consolidation zone (purple box) as anticipated.
Watch price action near the $48.16 level to look for continued support to move deeper into range.