iShares PHLX SOX Semiconductor
Investment Thesis
SOXX printed a new 52-week high at $605 while trading 35% above its 50-day MA, RSI at 76, and equity Put/Call at a contrarian-greed extreme of 0.43 — a textbook overextension cluster that historically precedes sharp mean-reversion pullbacks in momentum ETFs.
Catalysts to Watch
SOXX closed at a new 52-week high of $605.02 on June 2, simultaneously registering RSI(14) at 76.13, a 35% premium to the 50-day MA, and an equity Put/Call ratio of 0.43 — the system's "extreme_greed_calls" contrarian signal fired on the same session as the all-time-high print.
Why It May Work
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Timeline
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