$VanEck Semiconductor ETF(SMH)$ +1.5% $617.83
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ +4.1% ~$154 | Long $111.50 (Sep 4)
+$42.50 / +38.1%. Full size. No trims. Stop trailed to $127.8.
$600.50 was last week's break. Another day holding above it now: low $607.25, close $617.83. Path from here is the prior highs, $650–$672.
The 50MA under price started curling up this week. That is the new tell.
RS ratio +8.5%, first reading like that since June. Momentum leading at +16.2%, not seen since April. Volume on the dry side.
Holding above $600 matters for momentum. Holding above $580 matters for the trend.
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