iShares PHLX SOX Semiconductor
Investment Thesis
SOXX has shed 18.6% from its June 30 peak ($640) to a July 17 intraday low of $498, driving RSI to 33.6 and the SOXX/SPY relative strength ratio RSI to 31.6 — a rare dual near-oversold reading suggesting the corrective move may be approaching exhaustion.
Why It May Work
Why It May Not Work
Timeline
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