Aug. 3 at 2:05 PM
$SOXS When I take sides, the disease called obsession naturally arises. If
$SOXX fails to find support at the W-EMA5 line, a pullback at the W-EMA20-60 line is likely to occur compared to the chart of the major bull market in 2023-2024. It's roughly SOXS 9.71~10.8. Based on this,
$SOXL is 19.7~17.5. However, despite predicting this pattern back in March, SOXL surprised the world by plummeting from 14 to 7.23.
Anyway, if SOXX doesn't pullback to the W-EMA60 line in August, I expect a bigger drop in September, so if SOXX shows strength, I will aggressively add SOXS.