$SOXL hit! 123.4. This bounce is just the last puff—the daily chart has closed with a big bearish candle, the downturn hasn’t broken. Order book depth is 1.019, half-and-half. The bulls can’t even build any decent buy wall. So far, the spot big money hasn’t entered a single order; on the futures side, the active buy ratio is 47.3%, but it can’t hold back the sell orders. Positions have been held for seven hours and still shrank by 3.3%. The higher the bounce, the deeper the trap. Short 123.4. First target 117.85. Stop loss 128.5.