SOXL reaching for 45
I'm already short SOXL puts down at 22 set to expire, and was looking to get on a full condor.
The resistance side has a bunch of spikes from early 2022 on the weekly that are all tested levels.
Inside the last spike is a Daily level 45.58 that is likely where the rally is headed to find liquidity.
When it tests there, I will look to sell calls at or above 57.50 or 58.
The resistance side has a bunch of spikes from early 2022 on the weekly that are all tested levels.
Inside the last spike is a Daily level 45.58 that is likely where the rally is headed to find liquidity.
When it tests there, I will look to sell calls at or above 57.50 or 58.
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.