$SOXL Don’t use that little fake support at the order book to fool yourself—down nearly four points for the whole day, and you’re already about 10% off from the 24-hour high. At this moment, it’s crouched around the intraday lows. In the top 20 levels, the buy-side is only about 20% larger than the sell-side—this depth can’t hold up the market. If it gets sold hard, there won’t even be enough cover for the ones underneath. The past nearly 2 billion dollars in trading has been getting slammed harder and harder, yet the price keeps drifting lower. This isn’t a shakeout—someone is dumping inventory into the order book.