Where is the market heading Looks like we may get pull back this week
lots data out trust the trend watch IWM
SOXS trade ideas
SOXS WEEK OF 11/18/24SOXS WEEK OF 11/18/24
To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level.
Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
OH NO! $SOXS is primed for a significant rise.The concept of a multiple bottom suggests that the stock has already experienced a significant decline, creating a buying opportunity at a lower price over time.
Plus, Trump is coming= BYE semidocutor stocks!
Stricter trade policies and tariffs on imported semiconductors could disrupt global supply chains, leading to higher costs and potential shortages.
During his previous presidency, Trump focused on "America First" policies, which included promoting domestic manufacturing and reducing reliance on foreign supply chains
Additionally, there were concerns about the potential mismanagement of federal initiatives like the CHIPS and Science Act, which aimed to boost domestic semiconductor manufacturing.
AMEX:SOXL , NASDAQ:NVDA , NASDAQ:AMD , NASDAQ:AVGO , NASDAQ:QCOM : Sell now to take the profit.
IT'S COMING
SOXS WEEK 11/11/24SOXS WEEK 11/11/24
Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges.
Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡.
*LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
Long SOXS 18.92 small Look daily stoch on bottom turning up. I teach this all the time
best place buy on bottom turning up off support 18.00, also look vol not bad
look weekly stopped dropping. Will add above 100 day if it holds 23.02
Have to be patient if trading this with me keep eye on SMH they will try what they can run SMH will see if not and SOXS breaks 100 day boom goes to 40 to the 200 day SOXS has lots resistance 50 day 100 day we get above all boom
New Setup: SOXS**High Risk** SOXS: I have a green setup signal(dot Indictor). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP).
********
Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
Possible Banana Hunt Trade soonThe Inverse Semiconductor Fund ( AMEX:SOXS ) will meet again with the Banana Line.
SOXS LEVELS FOR WEEK OF 7/29/24Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the green ranges.
Price may exceed green range targets, but it’s at least a strong help to make profit.
Why Bear Shares are NOT InvestmentsPrice of SOXS since inception. Price in 2012 is not a typo.
Adjusted for reverse splits, shares declined from $11.1m to $3.
Eleven million, one-hundred thousand dollars became three dollars in twelve years.
Bear etf funds do not contain equities. They consist entirely of futures contracts, which suffer time decay and expire.
This is the effect of time decay on short sale of futures in a rising market.
Can you make money on SOXS? Sure, if you buy it the day before a crash. Good luck with that!
Other lousy ETFs include UVXY, SPXS, TZA, SDOW, SQQQ.
But Sawbucks, just last month you posted you were buying some of those?!
Yes, you buy them when market is extreme overbought condition and hold for no more than a week.
One day is often long enough.
These are NOT investments, they are purely speculative high-risk instruments. After just a week in these etfs you can notice the time decay, you will see index return to a price it held last week, but the bear fund will be a nickel or even a dime less than it was at the same price.
DO NOT HOLD LONG-TERM!!
Trend Reversal Illumination = Count Time Of The Move !In determining when an uptrend or downtrend might exhaust/end
it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend.
In this example, using a 15 minute intra-day chart on SOXS,
for 5/28/24, one can count "16" down bars on day.
However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time,
SOXS has regained important price support of 25, and more, with a KST Buy Signal to Confirm !
Conclusion. The faster price moves, the greater the importance to a meaningful "trend reversal"
THE_UNWIND
Woods Of Connecticut
SOXS Stock Chart Fibonacci Analysis 042924Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 36.6/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
SOXS LongSemiconductor Bear 3X ETF,
Trendline break
Long 3.30
Stop 2.7
Target 5.5, 7.0
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen Aug Call C4 x5 contracts
Limit 0.57 x5= 2.85
Bearish Hedging Strategy LONG inverse ETFsThe idea is shown on this 120 minute. With the new sticky inflation data, the writing is on the
wall. Likely the rate cut will be kicked down the time road. When is in consideration may be
a rate hike in the meanwhile. Mortgage rates unchanged makes the banks suffer. Loan
applications are down. Treasuries are being affected. So are tech stocks that have a growth
perspective as a fundamental basis for anticipated futures growth propelling share price.
This hedging idea is a way to survive or even thrive in a chaotic and volatile market
environment and a means to treat an overload of bullish bias with an antidote of sorts.
SOXS Chart AnalysisSeeing a lot of Semi topping patterns so figured better look at the SOXS. going over what the market is trying to tell us. Working on being a better listener and not imposing my will on the market but working on not talking and listening more.
Short The Nvidia/Semiconductor Bubble With SOXSIf you believe like I do that the Nvidia stock market bubble is road kill,
just waiting for the "fatal overvaluation accident" to trigger,
then buy SOXS, the Direxion's 3 X Short ETF on the Philadelphia Semiconductor Index NASDAQ:SOX
Closing at 3.10 on March 12,2024 prior to any potential reverse split on the horizon,
my proprietary chart analysis projects SOXS could rise to 12 by the fall,
a 400 % return from todays closing price level.
Caution.
This is a highly speculative short bet, on a potential collapse
of the massive stock market bubble brewing in artificial intelligence stocks in 2024.
4 Hour Institutional Chart on SOXS shows a Bullish KST Crossover brewing.
THE_UNWIND
WOODS OF CONNECTICUT
SOXS goes LONG Inversing SOXL SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is
confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4,
the relative volume indicator showing buying volume spikes instead of selling spikes, as well
as the squeeze indicator changes from a green negative histogram to a positive one. Many semi
conductor stocks have had major price runs upside. The time has come to watch them
for reversals. I will close my SOXL position in favor of a new long trade in SOXS.
soxslet's see what possibilities we can get on the upside with a 1.5% risk tolerance
looking for PT $7.00 - 8.00
SOXS Stock Chart Fibonacci Analysis 110923 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 10.9/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
SOXS is a play I love hereDiverging this while NVDA simply cannot live up to expectations. NASDAQ:NVDA
Bearish outlook for semi's - SOXSAMEX:SOXS is trying to tell us that it's time to hedge our semi positions. I'm looking for a full candle close over 13.92 for final confirmation and to anchor my fib time zone from the summer lows
INVERSE H&SLEVERAGED.
Price has broken the neckline.
Target 1 has been met.
Resistance overhead.
No recommendation.
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across information technology, semiconductors and semiconductor equipment sectors. It employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track -3x the daily performance of the PHLX Semiconductor Sector Index. Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares was formed on March 11, 2010 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the ICE Semiconductor Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified. Benchmark: ICE Semiconductor TR USD
SOXS Stock Chart Fibonacci Analysis 101923 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 11/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
