The ‘Go-Forward’, Model?

Is this how it’s going to be when the entire SOXX, A.I. bubble, implodes?

One gap-down, after another?

TXN, earnings, link here, looks benign.

Certainly not anything seen as a material cause for an 11% crash, overnight.

‘Weaker than expected’, does not a forecast, make. Price action could have easily ‘shrugged off’ the ‘weaker than expected’. 🙂

The reality, TXN is down hard with SOXX, down with it.

The probability of reversal for the SOXX, was in price action itself; covered here and here:

This is the crux of Wyckoff analysis.

Semiconductors SOXX, Daily

From the 7/15 high, to 7/21, high, was Fibonacci 5-Days.

Stop on short position SOXX-25-07, has been lowered from 250.19, to 246.50 (not advice, not a recommendation).

Stay Tuned

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