MindsForge

Semiconductors quick analysis on LETF

AMEX:SOXL   DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES
60 0 0
I don't like doing TA on leveraged ETFs generally, but you can get a good idea of what's going on. Using SMH             for semis would be better, if I were using fib ratios I'd definitely use an unleveraged product for charting.

Chart text repeated here:
potential reversal area, might be able to squeeze another 7% out of the current rally, would wait to go long on a 100/200DMA break.

Also could be a nice SOXS             short if we break down out of the reversal area.
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