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Longinverse

this is what is tanking tech, and the marketits really plain that this chart is not bullish. the last time we retraced over half a bounce we fell to the lows and made new lows. that means new lows for the broader market. i see an upside of 4% and a downside of 11%. i like selling any rip on large cap semiconductors by buying soxs.
NASDAQ:NQUSL10102010Short
by cerealpatterns
this thing is about to smash the market into little tiny piecesarent we all glad we reinvested early in semiconductors? i sure am. the short semiconductor etf is going completely insane. expect that to continue. if you look at the 5 minute you can see we are poised for breakout. we will probably go outside upper envelope, swing back to value area low before moving higher. i dont see anything thats going to stop the total collapse of the semiconductor industry as we know it, do you?
AMEX:SOXSLong
by cerealpatterns
Updated
it looks like semiconductors are busti imagine this down move in semiconductors is going to push mich lower, and soxs is a long at these levels into the upper 70s. the signal moving average is green on this inverse.
AMEX:SOXSLong
by cerealpatterns

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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