Direxion Daily Semiconductor Bull 3x Shares (SOXL)

[buyittradeit]

You do realize that those patterns indicate what was going to happen today right? Once a pattern breaks from its down trend it goes back up...

[buyittradeit]

coughs.

[nowwhat2]

Mine :

Nasty !......







Mine seems more helpful......LoL


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[buyittradeit]

My opinion on SOXL

[buyittradeit]

Are we forming a bull flag? Well it has to go a little bit higher to confirm.

[buyittradeit]

Nasty for shorts, gap is about to be closed.

[buyittradeit]

That it is because of others over all earnings. However, will it attempt to fill the gap down from the other day or the gap from today? We shall see.

[buyittradeit]

Hush lol, I like living on the edge lmao. It's actually a cool board. SOXS is the counter ETF for this one. If you watch these two boards you will see my day trades. Plus, the bears daytrades. We do good. We sorta work together.

Still hold a tiny bit from 16, however, I do flip it. Technically it could go to zero and I would still have profits from flipping it. Also you left out a gap I will be following from this A.M. that will eventually be filled. Question is when. Could be tomorrow, could be a year from not. We shall see.


The time stamps here show when I say I am in and out.

Even if someone said...hmmmmm he only made 20 cents per share I think I can get some more out of it. They did.

[nowwhat2]

Nasty !





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[buyittradeit]

Took profits. Have a great day.

[buyittradeit]

Back in

[buyittradeit]

Has to go above 17.19 for me to get interested again.

[buyittradeit]

both need to fill their gaps. I will wait until mid day and see which is the best trade for a better pattern. Once the bulls and bears start pumping or dumping their CPI numbers for tomorrow.

[tw0122]

SOXS new ruler

[buyittradeit]

don't catch fallen knives.

[buyittradeit]

Break 20.51 it's on again lol

[buyittradeit]

Took some off table. Still holding some.

[buyittradeit]

To confirm it I want to see 20.25. In at 19.70'ish with shares I am still long on. May take profits if it above the 20.25 and keep some.

[buyittradeit]

Looks like it maybe turning to the upside intraday.

[buyittradeit]

HMMMMM

[buyittradeit]

Don't chase it has settled.

[buyittradeit]

Looks oversold just waiting on a bottom confirmation for today. I want to add but have to see where the base is

[tw0122]

Added at $20.50s. Look at TNX dropping like a rock. Means more cash goes to stocks as some mysterious entity buying billions in debt bonds to pump Markets

2.771 TNX down -2.40% incredible $$$$$
USD
-0.068
(-2.40%)
MARKET OPEN (AS OF AUG 8, 09:13 CDT)

[buyittradeit]

Oversold. Seems to be following SPY.

[buyittradeit]

Oh, see where the bears messed up was at the start of the day when they thought that it was over. No, lol no it isn't. SOXL bear stew for tonight's dinner.

[buyittradeit]

Call it instinct, call it lucky, I will call it charting and investing. 22 soon in my opinion.

[buyittradeit]

Gap intraday at 21.49 needs to be filled.

[buyittradeit]

yep,

[tw0122]

Nice!! what’s next?


Pivot Point 3rd Level Resistance 22.58
Pivot Point 2nd Level Resistance 21.73
Last 21.00
1-Month High 20.96
High 20.96

Pivot Point 1st Resistance Point 20.82

[buyittradeit]

intraday bull flag

[buyittradeit]

Tic Toc, Tic Tok.

[buyittradeit]

Still I think there is room to go, that's just me, and I am willing to wait. Picked a tiny bit up after hours. I know it's late but I saw it may (possible) gap down in the a.m. at the bell. Hopefully, it will, that way they will need to fill that gap thus creating momentum. There is more then one pattern this could be making now. Still could fall into the 17's and even possible 16.25 support area before heading back up.

[buyittradeit]

Took some off still have plenty and still waiting until 26.

[buyittradeit]

The reason China stock market went down last night and should go down today is because these stocks that $SOXL holds will be making more then them.

[buyittradeit]

bought more.

[buyittradeit]

Thank you and yes it will.

[tw0122]

You have been doing Excellent analysis here looks like $21 coming

[buyittradeit]

My too, I have less then when I started at 16. However, I did scalp the breakouts, like the one at $20 today. I noticed the air up there was thin with very good volume. I think a lot of people took profits Friday and chased it again today Intel's earnings were not good, but gave good guidance. I can see it over 21 and filling that gap.
Volume is still here and so is the trend. Once that gap up gets filled I want to see where it takes us. It's been a atm machine lately and I do not see it letting up going into midterms. After all, there going to brag about how it benefits and how they helped push it threw.
Chips acts actually does benefit businesses across the board and supply jobs. Question remains, for how long? 1 year maybe 3 years? Unless we start selling them to other countries and getting other countries to buy them from us it could be limited.

[sdheart]

Agree. sitting on both hands with just a few.

thanks

[buyittradeit]

We have to let our winners run.

[buyittradeit]

[buyittradeit]

About to go above that gap at 21.

[buyittradeit]

Let it ride all the way up, baby.

[buyittradeit]

BOOOOOOM

[buyittradeit]

Nice video are you using Camtasia studios? Can't agree with the $SPY until it breaks 420. I know it's a funny number, but it is a tiny wall.

[Trons]

New SOXL Analysis!

[buyittradeit]

1 cent off lol. 19.99. The market makers know what's going to happen once it breaks 20. Parabolic move up.

[buyittradeit]

about to break 20

[buyittradeit]

soon

[buyittradeit]

Only the beginning. Only the beginning. I am on vacation with no worries. in the near future every analyst will want to upgrade semiconductors. Then they will actually turn around.