SOXX looks set for a breather after its run-up. Expecting an 8-10% dip within its range before it bounces back up. Keep an eye out for any range breakouts signaling a change in direction. Analysis:
Catching Its Breath: • SOXX’s been on the rise; now, it’s due for a cooldown to balance things out. Brace for a Dip: • Predicting a 8-10% dip within the range. Could be a chance to buy low before it heads back up. Stick to the Range: • Play it safe by trading within the range. Don’t get too adventurous. Watch Out for Surprises: • Be cautious of any sudden breakouts from the range. It could mean trouble or a new trend.
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