Is This The ‘Big One?’

Is today, the day?

We have (likely) the largest market mania in human history.

It could be starting its collapse as we speak (not advice, not a recommendation)

We’ll go straight to the SOXX.

Semiconductors SOXX, Weekly

It’s straightforward

A Wyckoff up-thrust accompanied by a divergence in momentum indicator, MACD.

We’re literally inches away from an outside down week; SOXX, currently trading (as of 11:02 a.m., EST) at 230.12 and last week’s low at 228.85

Update: 11:58 a.m., EST.

SOXX, posts ‘outside down’ (key reversal), penetrating last week’s low of 228.85

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279