The semiconductors 
SOXX definitely tend to lead the market In bull rallies. I still think this saying will hold true for several years.
TheSOXX is flirting with some pretty decent resistance. This would be a perfect spot for sellers to exit and price action to digest recent gains.
If the chart plays out like I think it will, we should have a decent pullback in this area which could create an epic inverse head right shoulder. This pattern would be a very bullish setup that could take us into new All Time Highs in 2026.
This is a weekly pattern so allow the chart some tike to play out.
SOXX definitely tend to lead the market In bull rallies. I still think this saying will hold true for several years. The
SOXX is flirting with some pretty decent resistance. This would be a perfect spot for sellers to exit and price action to digest recent gains. If the chart plays out like I think it will, we should have a decent pullback in this area which could create an epic inverse head right shoulder. This pattern would be a very bullish setup that could take us into new All Time Highs in 2026.
This is a weekly pattern so allow the chart some tike to play out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.