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