SOXX (semiconductor ETF, or SOXS, -3x ETF) offers an objective re-entry zone (top & bottom of the final 60-minute candlestick from Aug 8th/top of gap) for those that covered the SOXX/SOXS short at T1 yesterday and/or reversed long to game any of all of the ~5% bounce so far. This is what active swing trading is all about & the reason that multiple targets are often provided for each trade (as a reaction upon the initial tag of each target is likely). Previous (yesterday’s) and updated 60-minute charts below.
SOXX 60m 2 Aug 9th
SOXX 60m Aug 10th