MainStInvesting
Short

SOX Weekly Looking Weak

INDEX:SOX   PHLX Semiconductor Index
142 0 0
I'll post the Daily chart which paints a similar picture. Overall strength is waning, and bearish formation are developing in both weekly and daily charts .

Nothing is confirmed yet by price action, however this article by Ed Carlson points to the SOX/SPX ratio and it's already broken it's H&S pattern as well.

http://www.traderplanet.com/commentaries/view/161787-sox-spx-ratio-points-to-big-stock-market-drop/

Worth keeping an eye on.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out