The SOXX / SOXS short trade setup has triggered the entry criterion of a move below 132.00 on SOXX. I was recording a video when my price alert went off so wasn’t able to give a head-up right away. While recording the video I also received a price alert on XLK (technology ETF) on a break below the 52.55 support level so that should help to confirm the short entry on the semis. To view the previous notes on the SOXX / SOXS short trade setup, click on either of those symbols that follow “Tags:” Updated daily chart of SOXX below:
SOXX daily April 11th