$SOXLB 7A new daily low has been set.
24h: -13.01%, current price: 122.65, previous low: 125.39.
Structurally, a new low means the bulls’ defense has failed. On a rebound, the first thing to watch is whether price can reclaim the previous low. If it can’t, weakness is likely to continue; if it does, this could turn out to be a false breakdown. Where do you think it’s headed next?
#SOXLB
24h: -13.01%, current price: 122.65, previous low: 125.39.
Structurally, a new low means the bulls’ defense has failed. On a rebound, the first thing to watch is whether price can reclaim the previous low. If it can’t, weakness is likely to continue; if it does, this could turn out to be a false breakdown. Where do you think it’s headed next?
#SOXLB