Seeing bullish MACD divergences on the hourly charts, I believe this first decline is nearly over. On the daily it shows a fairly clean 5 waves down.
I believe there needs to be a 1 or 2 week hope rally before there can be further downside.
That said, I am slightly long SOXL for a short and convincing ride.
I believe there needs to be a 1 or 2 week hope rally before there can be further downside.
That said, I am slightly long SOXL for a short and convincing ride.
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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.