SOXS is down; over the past four hours the high at 48.36 has gradually dropped to 45.82. Even on rebounds, the volume can’t be brought up. When the 46 level is pushed through and rebounds back, it just leaks. In the order book, there’s a sell order stack of 14,200 lots versus 11,185 lots on the buy side; the spot depth has first been hollowed out, with all the money stacked on the short side. Enter short at 45.35, target 42.01, stop loss at 48.40.