$SOXLB just broke the $92 line in the cash session. $87.66, -13.9%.
Six hours ago the pre-market print (-10.5% at $92.40) left one question open: cash session buys the dip or $92 breaks. Verdict's in. It broke.
The underlying SOXL is -15.1% at $87.65 in the regular session (Finnhub): opened $90.59, ticked to $93.40, then got sold all the way down to $87.25. The token tracks it almost tick-for-tick — $87.66 vs $87.65. That's the bStock contract doing its job.
The driver is the same one from this morning: overnight Asian chip carnage — SK Hynix -5.5%, Samsung -4%, Kioxia -6.8%, SoftBank -6.9%, KOSPI -3.5%, Nikkei below 63k for the first time since mid-September. No dip-buying showed up on either side of the Pacific.
Honest both sides: 1h RSI is 27, deeply oversold, and 3x daily leverage cuts both ways — any semis relief bounce rips 3x up too. But this is -40% in a month, and today the session sold every single bounce.
New lines: $92.03 (broken) is now the first ceiling; the $87.38 print is the floor everyone watches.
Reclaim $92 by tomorrow's open — or does Asia re-sell it tonight?
Six hours ago the pre-market print (-10.5% at $92.40) left one question open: cash session buys the dip or $92 breaks. Verdict's in. It broke.
The underlying SOXL is -15.1% at $87.65 in the regular session (Finnhub): opened $90.59, ticked to $93.40, then got sold all the way down to $87.25. The token tracks it almost tick-for-tick — $87.66 vs $87.65. That's the bStock contract doing its job.
The driver is the same one from this morning: overnight Asian chip carnage — SK Hynix -5.5%, Samsung -4%, Kioxia -6.8%, SoftBank -6.9%, KOSPI -3.5%, Nikkei below 63k for the first time since mid-September. No dip-buying showed up on either side of the Pacific.
Honest both sides: 1h RSI is 27, deeply oversold, and 3x daily leverage cuts both ways — any semis relief bounce rips 3x up too. But this is -40% in a month, and today the session sold every single bounce.
New lines: $92.03 (broken) is now the first ceiling; the $87.38 print is the floor everyone watches.
Reclaim $92 by tomorrow's open — or does Asia re-sell it tonight?