Dear traders,
This comparison as is made since the fall of the COVID crisis, clearly the sectors with a remarkable evolution have been the technology sector and the semiconductor sector, in these times betting on technology and artificial intelligence is a good option, this could change but for now I feel comfortable with these investments in my portfolio.
SOXX...
Moore's Law ends, so doubling of compute capacity every two years requires doubling production of chips every two years.
AI revolution demands more capacity.
Humans can't build chip factories fast enough.
SOXX looks set for a breather after its run-up. Expecting an 8-10% dip within its range before it bounces back up. Keep an eye out for any range breakouts signaling a change in direction.
Analysis:
Catching Its Breath:
• SOXX’s been on the rise; now, it’s due for a cooldown to balance things out.
Brace for a Dip:
• Predicting a 8-10% dip within the range. Could...
NASDAQ:SOXX has some pretty bullish flags which would drive it up slightly move up but pullback is expected based off the 4hour / daily we got some rippy mode dump incoming with CPI ahead something worth keeping an eye on. 90/180VWMA Cloud
Watching the Yield Curve inversion closely...10's - 2's is narrowing.
Weekly Reversal in the Semiconductors.
Oil massive breakout! Dollar next?
Tesla losing Mag 7 status...its now only 10th largest company.
I believe that the dashed blue/purple months are the large frame trend tops.
I plan on closing my longs in this area and then looking at establishing a short position. This should align with the RSI divergence on my chart as well.
Good luck!
The bullmarket in Sox has reached the 5 th wave TOP as model gave me a new high from oct 2022 as it dropped in clear e wave to perfect fib relationship .50 .618 and 1.618 right at the lows I see this Bull phase Completed see charts 2000 rally phase
I know semiconductor is super hype, and shorting them i quite craziness.
But there is only one real king in the jungle! Nope, not NVDIA, not AMD, not APPLE.
The FED almighty and the FED is not done yet!
SOXX recent bearish break below trend support that goes back to 2022 ☠
break of 452 and we may see another -50+ dollar move 🔴
if we can reclaim trend support/485🟢 then a rally to 563 should follow
boost and follow for more.. thanks ❤
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!
Overview: in the previous update I published on May 27th, I had SOXX close to the completion of wave (III) of c of 3 of (A) of 5.
Update: our proposed structure/path has been followed nicely.
Analysis of the structure: I think we are in wave 4 of (A) of 5 developing as a flat correction. Note that wave (IV) of c of 3 also developed as a flat correction,...
AD showing overbought, and also showing previous support is now acting as resistances. D leg failing to breakout above past money flow breakout level on X leg... Looking to set up a Swing Trade Short
This is a once in a lifetime opportunity to go long with SOXX. The arrival of the golden cross is a strong bullish pattern for the ETF. $1000 price target by end of 2025.
