Just sold my SOXL at 136.73. It probably has a little more upside, possibly quite a bit more but my plan was to only game a quick bounce, then look for the next short entry.

Yes, long SOXX in my trading (margin account) & SOXL in a couple of IRAs. However, I’d like to start taking profits very soon, quite likely today as I only plan that as a quick trade as the bounce might fall shy of where the charts indicate.
A long on the semis could certainly play out for much more but the semis have been a very crowded trade for a long while now & so we could see the institutions use any bounce to lighten up on their exposure. Just a theory but I don’t want to be caught long overnight & wake up to a big gap down that kicks off the next wave of selling with a bang.