$Micron Technology(MU)$ $Direx

$Micron Technology(MU)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Heavy volume in SOXL right now. Pretty wild Monday trading. Nvidia apparently offered a $3 billion investment in something earlier, which is probably going to feed into that circular investment dynamic again. I'm guessing that's the reason for its weakness today — it clearly looks like a ladder short.

It should be heading toward a liquidity pool, with a gap fill around Thursday's close near 218.70 or so. SOXL is following Nvidia lower.

Memory stocks could be in rough shape at the moment, but they're not. That's helpful. Hopefully Nvidia reverses soon. SOXL just bounced off its former 61.8% retrace from the last bull run.

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