Rocky & Bullwinkle

Question:

How many times does Bullwinkle try to pull a rabbit out of a hat?

Answer:

It never stops.

So, it seems with the SOXX. How many times do we think we’re at a top?

Semiconductors, SOXX, Daily

Yesterday, was Fibonacci ‘Day 55’ from the all-time-high.

Note, we’re also at the Fibonacci 61.8%, retrace as well.

It’s about 15-minutes from the regular session open. Let’s see what happens.

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