$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
The bearish $iShares Semiconductor ETF(SOXX)$ chart does confirm that the ETF is likely to drop. MACD and RSI suggest SOXX buyers are losing conviction while sellers are gaining confidence.
Below is the $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ chart.
I would wait for the handle to form on SOXL before buying for a nice cup and handle setup.
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