I know that -10.09% red at $137.52 stings. But let me show you what the panic crowd is missing.
$SOXL just pulled back from $156.83 to $137.52. That's a brutal retrace after a powerful rally. But zoom out. This leveraged ETF ran from $85 to $156 nearly a 2x move. A pullback to $137? That's not a collapse that's gravity doing its job.
Over 10.9 million SOXL traded. Over $1.5 billion in volume. The crowd isn't gone they're just letting the dust settle.
Look at that structure. $135 is holding as support. The wicks are getting smaller. And every time an asset retraces like this after a significant run? It's usually shaking out the weak hands before the next chapter.
SOXL didn't die at $156. It's just resetting the board for the next game.
$SOXL
$SOXL just pulled back from $156.83 to $137.52. That's a brutal retrace after a powerful rally. But zoom out. This leveraged ETF ran from $85 to $156 nearly a 2x move. A pullback to $137? That's not a collapse that's gravity doing its job.
Over 10.9 million SOXL traded. Over $1.5 billion in volume. The crowd isn't gone they're just letting the dust settle.
Look at that structure. $135 is holding as support. The wicks are getting smaller. And every time an asset retraces like this after a significant run? It's usually shaking out the weak hands before the next chapter.
SOXL didn't die at $156. It's just resetting the board for the next game.
$SOXL
