Semis to bottom of channel - SOXX

the_sunship Updated   
NASDAQ:SOXX   iShares Semiconductor ETF
The SOXX (semiconductors) ETF has been playing around with this channel for almost a year. Price broke down back into the channel recently (bearish) and with NVDA earnings we tested the top of it again. My guess is it goes back to the bottom of the channel and any bounces should be a good selling opportunity. Any higher than 518 and this idea will be invalid - good luck!
close up view
soxx back to channel again.


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