SOH for now as we closed a 12K position bottom to top of implied Range. Caution warranted here as weaker hands have taken over. 6.86 is the Line in the Sand for now, a clear SELL should it close below. There will be time to reload and patience will be required. A move to and through 7.71 would imply a Bullish continuation to 9.35. Trade the Break, Wall Street...
Followers know we nailed the LOWS and indicated a LARGE BUY SIDE Program that remains in trade. Higher targets well above, dead ahead.
Chopping along on low Volume while the likes of Fanboi carnage is readily apparent... not a confidence builder. Tick Tock into Wednesday... chip chop the top. Even the Apes bought it, trendy. A throw-over would be the absolute perfect setup for this impending, incipient, unimaginable - decline. This week will be one for the books.
Buy J U N K, chase green bars, chase false overthrows... Patience, Analysis, Temperament, Constitution of Trade Plan - Probability favors all. BTD chasers. We'll happily take the opposing trade and here it is: Volatility Crush Reversal VIX Curve - ON Gap Fills of VIX Cash/Spot & VX Curve we will have completed inverse ladders on the...
Nice trade setup here. Enjoy the Ride. More Coming, buying all retraces. Higher Targets Ahead. Semis cooked on Trade.
200% Upside here. Large Volume on Lows. Panic reversal has setup. NQ will be the first to fail on Inflation Trade. FED told us so this week and last. Digi $'s come home to roost a bit. Hot CPI assures a D U N K in time, as CON.fidence in BTD begins to fail. Volumes at extremes, Divergences at extremes, Valuations at extremes. Correction ahead for...
SOXS SOXS SOXS China Shortages Q3 Dismal EPS SOXS SOXS SOXS
If soxs rides the uptrend like this, (soxl is down), there are 3 expected levels. Among them, the highest level price is expected to be 9.4$. This is about 15% profit.
expect a decline. gap-up, but the Fibonacci fan line NEVER LET THAT HAPPEN There is not enough rising waveform. GO SOXS
Theres a saying that SEMIs lead the market. $SMH finally broke an upper band trendline that took alot of work to do because of very little volume. Its tired and wants to rest. This is an important test but bids need to come back. Will June be the month when buyers pile back in? My gut tells me we hit 252 this week then break down again or at least stay above...
AMEX:SOXS Possible Scenario: LONG Evidence: Price Action TP1~ 11$, Call options, Strike 11$, 06/18/21 Call options, Strike 12$, 06/18/21 * I'm not a financial advisor and it could be wrong 100%.
The party at SOXS is never that good. But sometimes things come together. As you can see when everyone has arrived it is time to leave and move the party back to SOXX.
While most people consider the semiconductor shortage to be bullish for semiconductor stocks I believe there is a serious case for a bear scenario. With the supply chain this heavily disrupted it is possible that while margin will be high on individual sales the number of sales is lower considering the variance in the types of semiconductors that need to be...
Waiting for confirmation. I am def not an expert in Harmonic Patterns so some lines may not be perfect but would love to hear feedback and thoughts.
Simple view of this critical sector breaking through key technical trendlines. Our first bearish sign was the break earlier in August, which held, and rallied back above the original broken trendline. That quickly stopped as momentum ran out, and it's now breaking through multiple trendlines with bulls at max long. This can potentially fall significantly given...
Both TECS and SOXS have descending triangles at present. I've decided to take advantage but please have tight stops and be aware of false breakouts (which have admittedly been happening a lot lately).
Semiconductors short (SOXS) has been in a very narrow pinching channel for a while and has stayed remarkably precise for a leveraged ETF. Please watch for a buy signal when it breaks out (d'uh). Easy money as far as I'm concerned.