iShares PHLX SOX Semiconductor
Investment Thesis
SOXX just printed a textbook high-volume reversal off all-time highs, pulling back -12.3% in two sessions to $539. The dominant uptrend (golden cross, +143% year return, SOXX/SPY ratio above both its 50- and 200-day MAs) remains intact — but the MACD bearish crossover and failed breakout above $570 resistance suggest further weakness toward the 50-day MA ($462) before the next leg higher.
Why It May Work
Why It May Not Work
Timeline
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