From Hourly, To Daily

The last update on the SOXX, proved to be correct but short-lived.

That post showed an hourly ‘bear flag’.

Now, we have the same pattern on the daily.

Not shown on the chart, today is Fibonacci Day 8, from the most recent closing high.

Semiconductors SOXX, Daily

As the side bar shows, a short is open: SOXX-25-10, with a tight stop in the vicinity of 243.84 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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