Maybe but the higher-probability entry (meaning a better chance of the trade panning out) would be the majority of the remaining semis that haven’t yet triggered sell signals (e.g.- broken the trendlines or other support levels I covered in recent videos this week) go on to trigger those sell signals, as well as the current “potential” bearish engulf candlesticks on the weekly charts of SOXX & XSD finalizing (as such) at the close of trading this week (Friday 4 pm).

I also highlighted in both yesterday’s & today’s video that XSD had recently broken below its key, steep uptrend line off the March 30th lows, but that SOXX, while currently trading below on the weekly chart, has yet to print a solid weekly close below it.

So basically, should SOXX close where it is trading right now & even better, well below current levels, at the end of trading this week, that would sharply increase the odds of a short trade on SOXX playing out for a drop well into the double digits in the coming weeks to months.

Maybe a starter position here, taking it to a full position if & when the aforementioned sell signals trigger.