$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 65% chance this is a short squeeze continuation. The mechanics are fairly straightforward here. Retail and institutional short sellers who sold the late-day dip are now caught off guard by this $144.60 gap up. When the regular session opens, those shorts will likely be forced to buy back shares to limit losses. If buying volume stays dominant, SOXL has an open air pocket to run straight to $148.00, which would pave the way for a swift move back toward the $150.00 level later this week.
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