Semis to bottom of channel - SOXX
The SOXX (semiconductors) ETF has been playing around with this channel for almost a year. Price broke down back into the channel recently (bearish) and with NVDA earnings we tested the top of it again. My guess is it goes back to the bottom of the channel and any bounces should be a good selling opportunity. Any higher than 518 and this idea will be invalid - good luck!
Note
close up view Note
soxx back to channel again. 
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.
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.