$SOXSB is gaining momentum, and Iâm watching $50 đ
Earlier, I highlighted $SOXS around $46.97. Now itâs trading near $47.92, with a strong 20.07% gain.
Thatâs a meaningful move!
But hereâs what makes this interesting: $SOXS is a leveraged inverse semiconductor ETF, so strength here generally reflects weakness in semiconductor stocks.
Iâm watching $47 as the key area.
If buyers maintain control, $49â$50 could be the next upside zone.
A semiconductor-sector rebound could reverse this move quickly, though.
Iâm following the momentum, not assuming it will last. đ
Earlier, I highlighted $SOXS around $46.97. Now itâs trading near $47.92, with a strong 20.07% gain.
Thatâs a meaningful move!
But hereâs what makes this interesting: $SOXS is a leveraged inverse semiconductor ETF, so strength here generally reflects weakness in semiconductor stocks.
Iâm watching $47 as the key area.
If buyers maintain control, $49â$50 could be the next upside zone.
A semiconductor-sector rebound could reverse this move quickly, though.
Iâm following the momentum, not assuming it will last. đ