$SOXL Shorts—this wave of dumping is basically handing over kills—price got smashed to the bottom of the pit, then rebounded in one burst back to around the day’s highs. The dug-out pit has been filled back to about 80%, with the dual moving averages underneath providing support; the trend hasn’t really changed. On the 4-hour chart, the last six K-lines are four green against two red, and momentum has fully flipped back positive—bulls are controlling the pace. In the big-money accounts, long positions make up 75%, and within seven hours they added nearly another 10%. It’s obvious who’s picking up the float and who’s getting shaken out.