We are at a big level of support at SOXL (Direxion Daily Semiconductor Bull 3X Shares). The semiconductor industry is very important:
"Semiconductors are the brains of modern electronics, enabling technologies critical to U.S. economic growth, national security, and global competitiveness.
Semiconductors have driven advances in communications, computing, health care, military systems, transportation, clean energy, and countless other applications. And they are giving rise to new technologies that hold the promise to transform society for the better, including brain-inspired computing, virtual reality, the Internet of Things, energy-efficient sensing, automated devices, robotics, and artificial intelligence. Semiconductors’ greatest potential lies ahead." - Semiconductor Industry Association.
Big levels of resistance are: 48ish (70% above) and next one is ATH 74,19 (158%).
We're going to see some turbulence along the way. We have the problem of inflation and rate hikes by the FED but ATH are going to be met at some point.
"Semiconductors are the brains of modern electronics, enabling technologies critical to U.S. economic growth, national security, and global competitiveness.
Semiconductors have driven advances in communications, computing, health care, military systems, transportation, clean energy, and countless other applications. And they are giving rise to new technologies that hold the promise to transform society for the better, including brain-inspired computing, virtual reality, the Internet of Things, energy-efficient sensing, automated devices, robotics, and artificial intelligence. Semiconductors’ greatest potential lies ahead." - Semiconductor Industry Association.
Big levels of resistance are: 48ish (70% above) and next one is ATH 74,19 (158%).
We're going to see some turbulence along the way. We have the problem of inflation and rate hikes by the FED but ATH are going to be met at some point.