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.
Catalysts to Watch
SOXX reversed sharply -12.3% from its all-time high of $615.68 on June 5, 2026, with volume spiking to 22.3M shares (roughly 3× the recent daily average), as MACD crossed bearish — a high-volume flush after a parabolic +24% surge in under two weeks that creates a potential pullback entry within the dominant uptrend
Why It May Work
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Timeline
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