$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Here's the next setup before a potential upside continuation, based on the 1 minute timeframe. At the open, bulls stepped in aggressively, reclaiming VWAP and holding it as intraday support. The $117.00 level, which was key resistance before, has now been broken and is acting as a new intraday support zone. Price is making higher highs and higher lows as we approach the next targets of 119.60 and 121.00+.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ $iShares Semiconductor ETF(SOXX)$ $ProShares UltraPro QQQ(TQQQ)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

