iShares PHLX SOX Semiconductor
Investment Thesis
SOXX suffered a violent 3-session, 10% flush to below its 50-day MA, yet still holds above the critical 200-day MA ($290). With RSI approaching oversold, put/call at elevated fear levels, and market breadth at historically depressed readings, a mean-reversion bounce back toward the 50-day MA is the highest-probability technical setup.
Why It May Work
Why It May Not Work
Timeline
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