After hitting & reversing off the first price target, the SOXX (semiconductor ETF) short trade rallied to recently clip the stop on two consecutive intraday spikes this week, failing to close aboe 196.40 so far. As discussed in yesterday’s Short Trade Ideas Update video, SOXX is on watch for another short entry for the next leg down. This trade & all associated posts will now be moved to the Completed Trades archives. Previous & updated daily charts below:

The next sell signal on SOXX could come on a break below this 60-minute uptrend line, the 191.43 support level or even on one more thrust higher if a reversal seems likely.

SOXX 60-min March 16th

SOXX 60-min March 16th