$SOXX down 2% today—now 5 straight red days, matching its longest losing streak since December 2025.
Chart's getting interesting: it's testing the 50-day moving average, which has been a solid support level historically. If it holds here, could be a decent bounce setup. If it breaks through? Next support zone is probably a few percent lower.
Semiconductor sector's been under pressure lately—worth watching if this becomes a broader chip selloff or just a healthy pullback after the AI rally. The 50dma is where buyers usually step in, so this could be a line-in-the-sand moment for $SOXX bulls.
Chart's getting interesting: it's testing the 50-day moving average, which has been a solid support level historically. If it holds here, could be a decent bounce setup. If it breaks through? Next support zone is probably a few percent lower.
Semiconductor sector's been under pressure lately—worth watching if this becomes a broader chip selloff or just a healthy pullback after the AI rally. The 50dma is where buyers usually step in, so this could be a line-in-the-sand moment for $SOXX bulls.