Inflection Point

We’re right at the top of resistance.

It looks like volume is sending us a message.

But what?

The increase in volume is (potentially) either absorption of sellers, getting ready to move higher, or distribution with the ‘manipulators’ holding up the SOXX, so that sell, and sell-short positions are opened (not advice, not a recommendation).

Either way, it looks like something’s about to happen.

Semiconductors SOXX, Daily Close

A new daily high, points probability to the upside; new low, the downside (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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