Close To Resistance

Today was Fibonacci Day 13, from the SOXX, all-time highs.

So, we’ll see if the SOXX posts and closes higher or if today was it (not advice, not a recommendation).

From an individual vehicle standpoint, ON Semiconductor is the focus.

The market itself has said it does not like recent acquisition plans. A massive down move, heavy volume (now retracing), may be hiding opportunity for something larger.

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