Arguments pro a bullish scenario in 
SOX / 
SOXL:
Contra arguments:
I can't see any significant arguments standing against the bullish case in $SOXL. If you have anything - please drop a comment below!
SOX / SOXL:- We have reached the 78.6 % fib retracement in SOXL
- According to the seasonal chart from the last ten years (see the SEASONAX screenshot at the top), in 9 of 10 cases the SOX had made a bullish move from the 17th of May until the 8th of June
- At some point, the semiconductor shortage must affect the prices ...
Contra arguments:
DXY is rising / interest rates are going up- ... anything else?
I can't see any significant arguments standing against the bullish case in $SOXL. If you have anything - please drop a comment below!
Trade active
Seems like SOXL as well as SOX has made a double-bottom, which could be the major trend reversal.Trade closed manually
Okay, the low is still to find.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.