oversold semiconductors (SOXL)

29 thg 4, 2022

if critical support provides meaningful buy volume and we close the week near the highs then semiconductors, and the broader market could exhibit a bounce here towards lower 36s. if we see another wave of selling down at these levels were probably blowing through that support on the weekly trending toward upper 16s taking the market with it as semiconductors are a lead bear. keep TRAMA from sinking and come out of oversold STOCH and we could diverge bullishly. if things head for continuation it is likely more bearish.

29 thg 4, 2022

Đóng lệnh: đạt mục tiêu

if you were short the past couple hours this is an area for profit taking

2 thg 5, 2022

Đóng lệnh: dừng lỗ

stopped out of shorts all cash as we look at the bounce

16 thg 5, 2022

Ghi chú

any way you slice it semis are at a lower extreme, and this should mean coming out of oversold. anything under mid 25s is just a daily lower high, and after that were still working on low 34s and mid 36s to take on a weekly bounce