I’ve listened to this bearish narrative until my ears grow calluses, but the SOXL price action is right there: over the past four hours, there were six candles with five closing red—price simply smashed through the moving averages, and even the rebounds can’t catch their breath cleanly. You say big players favor the long side? That’s a death-bond—just seven hours ago they were adding to positions, yet the price still slid down. The new positions they opened have all become bag-holder fuel. Bulls think they’re accumulating, but really they’re handing out distribution and stabbing knives. In a chart like this, if you’re still standing with the long side, I can only say you’ve got money to burn.