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SOXL - Semi leveraged ETF setting up

Long
Direxion Daily Semiconductor Bull 3x Shares (BATS:SOXL)  
CheelooTrader Updated   
BATS:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Trend Analysis Chart Patterns Technical Indicators
4
1
trendanalysis chartpattern indicator
  • A lot of big semi names have reported great earnings and have had positive reactions.
  • Took out VMA and 200 EMEA yesterday on a good volume. Follow through to 22 is likely.
  • I would look consolidation below for new pivot.
  • PA favors EOD run up to 28 and new weekly zone for next ER.
  • No position yet, but keeping close eye for entry.
Comment:
Tracking well for 30 and above. Monthly chart looks primed for a ATH soon.

snapshot
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