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SOXL

SOXL, Inverted Cup and Handle An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the rim. If you are in above price, I would set a stop around $96.75. If you are looking to get in, I would wait and see if we can get another crack at $90.
AMEX:SOXL
by etom21