Tried to buy the dip and got wrecked — $SOXL contract takes another plunge
Spot closed Friday at 77.05, down 24.75% on the day
At 02:00 Shanghai time this morning, the contract price plunged again to 70.4
At 03:00, one candle bounced from 70.4 to 77.65, with about 390 million U in trading volume that hour
It hovered around 77 over the weekend, with 24h trading volume still above 3.1 billion U, third-highest market-wide
Long accounts are still stuck at 87%+
Top-trader long/short ratio is about 9:1—the dip buyers outnumber those cutting their losses
OI notional value fell from about 220 million to 200 million U, but positions haven’t been fully cleared despite the drop
Outlook for the next 12–48h (speculative, not guaranteed):
Likely to chop around 76–79 over the weekend
If 75 breaks with rising volume on Monday, watch for another test of 70.4, or even 68
Only consider a rebound to 85–87 if it holds above 80 and OI recovers
Invalidation: a high-volume close back above 82, followed by holding above it
3x long semiconductors—don’t mistake a rebound for a trend.
#合约 #币安 #美股 #SOXL #Semiconductors
Spot closed Friday at 77.05, down 24.75% on the day
At 02:00 Shanghai time this morning, the contract price plunged again to 70.4
At 03:00, one candle bounced from 70.4 to 77.65, with about 390 million U in trading volume that hour
It hovered around 77 over the weekend, with 24h trading volume still above 3.1 billion U, third-highest market-wide
Long accounts are still stuck at 87%+
Top-trader long/short ratio is about 9:1—the dip buyers outnumber those cutting their losses
OI notional value fell from about 220 million to 200 million U, but positions haven’t been fully cleared despite the drop
Outlook for the next 12–48h (speculative, not guaranteed):
Likely to chop around 76–79 over the weekend
If 75 breaks with rising volume on Monday, watch for another test of 70.4, or even 68
Only consider a rebound to 85–87 if it holds above 80 and OI recovers
Invalidation: a high-volume close back above 82, followed by holding above it
3x long semiconductors—don’t mistake a rebound for a trend.
#合约 #币安 #美股 #SOXL #Semiconductors