ISHARES TRUST PHLX SEMICONDUCTOR ETF

NASDAQ

SOXX

If SOXX breaks $180 look out below. The trade war is heating up now.

Below the 50 bad. Above the 50 good.

Going through key US sectors lots of strength, but Semiconductors are a standout, shakeout breakout chart. Very Strong.

SOXX broke 600MA yesterday, retested and failed today, not a good sign. $SOX #SOX $SOXX #SOXX #semiconductors $MU $NVDA $AMD

Target $171

Short semis more for the pull back if there are any. At least 20-40% more downside ahead before really buying the dip.

SOXX

You know what to look for. Pretty straightforward.

Despite recent rally, semis are starting to look reluctant staying on top of its bull trend. Weekly closed slightly above its 9 day moving average, stick saving its bulltrend, but various signs are showing that a 5-10% correction could come as early as next week: bearish crossover PPO, diverging highs, and a slowing momentum. Looks very much like the setting...

Re-drew the chart based on updated signals.

Semiconductor chips has broken above the horizontal flag it's been in since the strong rally off recent lows. The index ETF charted here, SOXX, was up over 13% from the 4/25 to 5/14! Today breaking out above resistance around $188, SOXX is up nearly 1% and with steadily increasing bull volume last few days. Roughly speaking, looks like the SOX is in an ascending...

Could be continuation, buy maybe not, who knows.

Potential bottoms detected using Bottom Finder script, contact me if you want to subscribe.

Possible Head and Shoulders

soxx

Vol Stoch

$soxx, $soxs, $soxl,

I've got my eye on a potential swing trade setup in semiconductors.