#FACTS
-Breakout in SMH was 11 years back around 2014 and uptrend started
-Last 10 years SMH just cannot be under the 200WSMA for long time
-Since 2015 the bottom is at 0.5 fib retrace & takes 9 months + atleast 25% Pullback
What are other confirming signals
-SOXL 3x leveraged etf just had 2 days of Highest Volumes ever ! (leveraged funds arent good for charting but volume is a wake up slap in the face !)
Last time that volume on soxl was 2020 bottom 2022 bottom so 2025 bottom ? MAYBE ?
Got in
SOXL at $9-$10, once confirmed I will scale in for a swing
-Breakout in SMH was 11 years back around 2014 and uptrend started
-Last 10 years SMH just cannot be under the 200WSMA for long time
-Since 2015 the bottom is at 0.5 fib retrace & takes 9 months + atleast 25% Pullback
What are other confirming signals
-SOXL 3x leveraged etf just had 2 days of Highest Volumes ever ! (leveraged funds arent good for charting but volume is a wake up slap in the face !)
Last time that volume on soxl was 2020 bottom 2022 bottom so 2025 bottom ? MAYBE ?
Got in
SOXL at $9-$10, once confirmed I will scale in for a swingTrade active
Looks like it held the levels and I scaled out entirely of the SOXL positions but will scaled in 
SMH now and on pull backs will add back a new position of $SOXL. This looks healthy for now. 9 months is the consolidation before hte breakout for the uptrend to start just like the last 4 times. Lets get it. SMH stop loss $200 and will cut if 20EMA breaks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.