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.
“If the SOXX stalls here and either reverses today (below resistance) or prints a new daily low tomorrow, then we’re at The Danger Point®”
Well, ladies and gentlemen; pre-market top 633 as noted and now, early in the session, a new daily low.
Semiconductors SOXX, Hourly
Currently testing underside resistance.
Of course, anything can happen. The SOXX could recover and move on to new all-time highs.
However, since posting a new daily low, below established resistance, we’re at The Danger Point® where risk on a short position is least (not advice not a recommendation).
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.
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.
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.
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.
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.
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.
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.
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.
With all eyes on Broadcom’s earnings release scheduled for Wednesday, other markets in the sector are giving clues we may be near a reversal (not advice not a recommendation).
One of those, is Texas Instruments.
As can be seen, TXN has failed to move above resistance.
The question for Monday; will TXN quietly retrace upward to test the underside?
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.