A bear ETF pumping 23%? That's the market begging for a bounce." 🐻🔄
SOXS — a 3x bear semiconductor fund — is up 23% today. That means semis are oversold, and a rebound is brewing. When a bear product rallies this hard, it often signals exhaustion on the short side. The MACD is still positive, and the 25 EMA is curling up.
If 59.50 breaks, we run to 61.00.
My long trade:
Entry: 58.99 (current)
SL: 57.50
Targets: 60.50 / 61.50
The bears are tired. I'm buying the reversal.
#SOXS $SOXS
SOXS — a 3x bear semiconductor fund — is up 23% today. That means semis are oversold, and a rebound is brewing. When a bear product rallies this hard, it often signals exhaustion on the short side. The MACD is still positive, and the 25 EMA is curling up.
If 59.50 breaks, we run to 61.00.
My long trade:
Entry: 58.99 (current)
SL: 57.50
Targets: 60.50 / 61.50
The bears are tired. I'm buying the reversal.
#SOXS $SOXS