Direxion Daily Semiconductor Bull 3x Shares

Short

SOXL: The retracement from $202 is too deep for this to be

Updated

an impulse. $202 has to be a wave B of 2 top. Expect an A=C decline fow Wave C at $100. Wait for point 1 and 2 to be established to set up the down channel. We should have a fun time riding this down fast and furiously to $100. In between, there might be opportunities to play a countertrend bounce.

Note

Point 1 revised.

snapshot

Note

snapshot

Related publications

SOXL: This Monster of a stock is poised for a breather. Triple

SOXL: After much analysis and consulting with some EW gurus,

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.