SOXS Stock Chart Fibonacci Analysis 0306231) Find a FIBO Slingshot 2) Check FIBO 61.80% level 3) Entry Point > 20.8/61.80%by fibonacci6180112
Bottom FishingAll time low. Hard to believe considering the market is basically in an overall downtrend. Risky due to lack of support underneath other than 18.41 so if one were to chance it, a stop underneath this low may or may not work depending. Leveraged and will move when semiconductors stop moving up. No recommendation. Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across information technology, semiconductors and semiconductor equipment sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track -3x the daily performance of the PHLX Semiconductor Sector Index. Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares was formed on March 11, 2010 and is domiciled in the United States. The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the ICE Semiconductor Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified. Benchmark: ICE Semiconductor TR USD by lauralea3
geez. long semis much?its been a hell of a couple weeks for the semiconductor stocks. weve blown through resistance with a vengence, and pretty much havent stopped for anything. the problem is the rest of the stock market hasnt responded with the same bullishness. just like i was in soxl coming off the top of the channel, im now in soxs coming off the bottom of the channel.Longby cerealpatternsUpdated 11116
SOXS Descending WedgeMonitor for a breakout of the descending wedge. An impulse to the $33 range should follow with a bullish breakout. (I am watching 1H MA50 also). Good LuckLongby peterbhcUpdated 1110
Symmetrical TriangleNeutral pattern. If you wish to go long, maybe place a stop below bottom trendline and vice versa. No recommendation/Price is at support. Possible inverted hammer.by lauralea225
this thing is about to smash the market into little tiny piecesarent we all glad we reinvested early in semiconductors? i sure am. the short semiconductor etf is going completely insane. expect that to continue. if you look at the 5 minute you can see we are poised for breakout. we will probably go outside upper envelope, swing back to value area low before moving higher. i dont see anything thats going to stop the total collapse of the semiconductor industry as we know it, do you?Longby cerealpatternsUpdated 7
Soxs is the ticket out of povertyDefended support, on high volume, trendline support, Capitulation already took place, inverse head and shoulders break, semis are overpriced and garbage again after 40% rally. Come with me as we milk this one last time into vix 45 If this market keeps going up slowly or continues consolidating I will keep adding 3month and 10 year yields are inverted like hell and people are buying 2000 pe stocks into a recession god help us all The fact that Bitcoin still has buyers sickens meLongby Okbronpbro8
SOXS Channel, 4th Bounce? SOXS is getting ready where, 3 other times this year, has bounced to great gains all above $62, double move. Watch for reaction in the next few days.Longby peterbhcUpdated 8816
it looks like semiconductors are busti imagine this down move in semiconductors is going to push mich lower, and soxs is a long at these levels into the upper 70s. the signal moving average is green on this inverse.Longby cerealpatterns0
$SOXS 3 peaks Domed HouseSuch a great specimen combining an entire market cycle into one chart. 3 peaks Domed House - Distribution / Reaccumulation / Upthrust double top The entire market cycle also forms a nice Bullish cypher before the return up to where we are now. Clear accumulation beneath our inflection zone, adam & eve style double bottom BTC finished this 3 peaks domed house pattern in November and Spy did on the Weekly back in the 2000s before one of the greatest bull markets in history. For comparison, BTC would now be in the reaccumulation phase under the Basement zone (last july was our basement) I posted a chart representing this pattern in December, and it played out quite nicely by TradingNomadic0
Time to take profits from SOXSTop of keltner channel(overbought) Bearish divergence on 5 and 15min lower volume today Now above volume profile large block powell speaking tommorow high risk low reward to holdby Okbronpbro0
Bullish SharkBullish Alternate Shark and the 4th leg ended at the 1.113 versus the .886. No recommendation. Best to buy on UP market days. Leveraged x 3. Fees can be high and not intended for a long term hold.Longby lauralea1
SOXS at support for LONG SWING SETUPAMEX:SOXS Reports are the semiconductor secotr is presently challenged with rising costs and lower production orders. SOXS is in a flat bottom triangle with price now at its base. The RSI Oscillator is in mid-range suggesting price has upside. The relative volume has been increased in the past two weeks. I see this as a swing long setup with the target 30-40& above the current market price in the mid-Fibonacci retracement range.Longby AwesomeAvani2
SHORT SEMICONDUCTORS ON NEWS- SOXSAMEX:SOXS Semiconductors have been giving some cautious guidance suggesting a market downturn, supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things. SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL The 4H chart of SOXS shows an EMA ribbon divergence, a market low with a Double or Triple Bottom and an Asymmetrical Inverse Head and Shoulders with a neckline trendline Marking a breakout just above the current market price. This appears to be a good swing long trade setup or call option entry ripe for the taking. Longby AwesomeAvaniUpdated 1
Short term trend for SOXS landing into Sep 23, 2022.Short term trend for SOXS landing into Sep 23, 2022.Longby lukesshaw2
SOXS to SOXL ratio DAILY CHARTAMEX:SOXL This chart strives to setup a trading plan where the SOXS and SOXL are oscillated. They are 3X leveraged ETFs with great range. SOXS was up 400% YTD at its peak. The new CHIPS ACT is a catalyst for US semiconductor manufactures Right now the ratio is on a downtrend, meaning Sell SOXS or BUY SOXL or a combination of each. I believe that this strategy could yield 5X annually to investors or long-term swing traders with little effort especially if an alert is employed to notify the ratio is changing trend direction at a pivot. The timeframe could be lower but then the number of trades is likely to increase as is the amount of profit. This could be backtested by those familiar with the mechanics of doing so.Longby AwesomeAvani1
Direction daily on the uptake. SOXSWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safeLongby Rykin_CapitalUpdated 2
Pull Back FishingPSQ/QQQ, FAZ/Financials, SOXS/Semiconductors, NAIL/short homebuilding, TZA/small caps, and the list goes on and on for every sector. These are leveraged and short an index. It is not the same really as going short and you do not have to borrow shares from your broker. These, plus more are ETNs. There are also reciprocals that go long an index that are leveraged. IE FAS is long financials. Anything leveraged is risky as they move 2-3 times the market movement that day. Just something I have been looking at until out market turns around and of course it is best to buy a short ETN on an up day for the market, although we have no had a whole lot of these. All of these are very close to their bottom. Most do not hold these long term. No recommendation Exchange-traded notes (ETNs) are types of unsecured debt securities that track an underlying index of securities and trade on a major exchange like a stock. ETNs are similar to bonds but do not have interest payments. Instead, the prices of ETNs fluctuate like stocks. www.proshares.comby lauraleaUpdated 1
RectangleThis is leveraged and volatile. This will go down three times the up move if we have a good market day for semiconductors. Getting in at a good price is paramount. Price has broken the upper trendline for now. There is also a double bottom. Price is not quite overbought with RSI on 80 versus 70. Price is over the top Bollinger bands. No recommendation Golden cross as the 50 is crossing up through the 200. 3 year high is 8040.00Longby lauraleaUpdated 222
SOXS: I know people say you cant chart itI think it may be a great time to short semi conductors. I am in some calls for the next week and a half lets see. I believe this can gain momentum, key support is around 4$ Longby kalvitethehodler1
Semis about to take a hitThe Semiconductor sector has been on a tear for the last year and I don't think they are exempt from what is about to happen in the markets. I am playing SOXS to try to increase my exposure to the down side. SOXS has broken out of the descending channel and I am looking for a move back the 1.618 fib retracement at $5.86. My options play is ITM $4 CALLS for Feb. 4 exp Not Financial AdviceLongby FiboTrader11