The SOX encountered major neckline resistance which sent the SOX down likely to form a right shoulder in the 450-475 area over the next few sessions. Looking to reposition in selected semis such as BRCM MRVL etc once we get a hammer off the above area.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.