$SOXL Futures opened with trading volume up 6x
U.S. stock futures opened Sunday evening. The latest two 1-hour Binance SOXL perpetual candles each saw about 64 million U in trading volume, compared with less than 11 million U per hour before that.
The price climbed from 77.35 to 80.81 and is now at 80.6, up 4.0% over 24 hours.
The funding rate is +0.14%, meaning longs are paying a premium.
According to reports on X, the semiconductor sector lost about $1 trillion in market value last Friday. This week brings earnings reports from Apple and AMD, the midterm elections on Tuesday, and the jobs report on Friday.
Do you think this is the start of a rebound, or will it get dumped again when the market opens Monday?
#U.S.Stocks
This content does not constitute investment advice
U.S. stock futures opened Sunday evening. The latest two 1-hour Binance SOXL perpetual candles each saw about 64 million U in trading volume, compared with less than 11 million U per hour before that.
The price climbed from 77.35 to 80.81 and is now at 80.6, up 4.0% over 24 hours.
The funding rate is +0.14%, meaning longs are paying a premium.
According to reports on X, the semiconductor sector lost about $1 trillion in market value last Friday. This week brings earnings reports from Apple and AMD, the midterm elections on Tuesday, and the jobs report on Friday.
Do you think this is the start of a rebound, or will it get dumped again when the market opens Monday?
#U.S.Stocks
This content does not constitute investment advice