I have a chart that will knock your socks off. It's none other than the very popular iShares Semiconductor ETF (SOXX), and I've marked in purple a very important point in the long up cycle. That's a triangle, or wedge. And if SOXX breaks down through it without an instant recovery, it could open the stock market floodgates.
For now, it is simply a marker. And it won't take long to resolve, one way or the other. That's the usual nature of this type of pattern, once it hits that most narrow section at the far right of the chart.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#fans #semiconductor #i 've
For now, it is simply a marker. And it won't take long to resolve, one way or the other. That's the usual nature of this type of pattern, once it hits that most narrow section at the far right of the chart.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#fans #semiconductor #i 've
11 hours ago
