$SOXSB is a leveraged inverse semiconductor ETF token, not a regular cryptocurrency.
It aims to move approximately 3 times in the opposite direction of the semiconductor sector on a daily basis.
LONG is attractive only if semiconductor stocks continue falling with strong bearish momentum.
If Nvidia and other chip stocks recover, SOXSB could decline sharply; SHORT may then become an opportunity.
#USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible
It aims to move approximately 3 times in the opposite direction of the semiconductor sector on a daily basis.
LONG is attractive only if semiconductor stocks continue falling with strong bearish momentum.
If Nvidia and other chip stocks recover, SOXSB could decline sharply; SHORT may then become an opportunity.
#USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible
