SOXS to SOXL ratio DAILY CHART
SOXLThis chart strives to setup a trading plan where the SOXS and SOXL
are oscillated. They are 3X leveraged ETFs with great range.
SOXS was up 400% YTD at its peak. The new CHIPS
ACT is a catalyst for US semiconductor manufactures
Right now the ratio is on a downtrend, meaning Sell SOXS
or BUY SOXL or a combination of each.
I believe that this strategy could yield 5X annually
to investors or long-term swing traders with little effort
especially if an alert is employed to notify the ratio
is changing trend direction at a pivot.
The timeframe could be lower but then the number
of trades is likely to increase as is the amount
of profit. This could be backtested by those
familiar with the mechanics of doing so.
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.