SOXX … Stop & Drop

August 15, 2025 By in Artificial Intelligence, Biotech, Positions, Richie Naso, Semiconductors, SOXX, SOXX-25-11, Spring-to-Up-Thrust, Up-Thrust, XBI, XBI-25-01 2 Comments

Fibonacci, ‘Day 89’

Trading legend, Richie Naso says the ‘algorithms control the market’.

He also says, they’re trained to go to technical areas.

Are they also trained to ‘count’?

Or does the count just materialize as a natural outcome of controlling the market?

Three days ago, was this post, showing a probable outcome for the SOXX.

Both time, and distance, were projected; time, as in Fibonacci Day 89, and distance as in Fibonacci projection to the 261.8% level (April 7th, lows).

Semiconductors SOXX, Daily

Yesterday, was ‘Day 89’.

Today’s close was below yesterday’s low and below resistance (upper blue line).

The Fibonacci 261.8% projection was to (approx.) 259.

Yesterday’s high was 255.06, a difference of just 1.54%.

Currently short, as SOXX-25-11; hard stop at the session high (not advice not a recommendation).

Separately, XBI-25-01 was closed as it continued to edge higher. Today is XBI’s own ‘Day 89’ from the April 9th, lows (not advice, not a recommendation).

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

2 responses

    • Thanks for the link. I appreciate your input.

      Said many times on the site, if the account manager is doing their job properly (shorting in this case), when the big downside break happens, that manager is already in position and not chasing the market.

      The link just shows the current strategy, while a bit frustrating (some losses some gains) over the past few months, probabilities at this point, favor the downside.

      Regards,

      Paul

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