/biz/ - Business & Finance

>>57790742
Some of you deserve to see this since I've been talking trash. This is the strongest trend line on SOXL since September, broken as you can see, which means it's in a completely fucking new trend now. I wouldn't say it's no-man's-land because this number $49 was the top of a short consolidation period before going WAY higher in 2021.

I can draw new lines, but I'm not. I'd rather watch these $40-$50 levels from last year. Catalysts include CPI on the 13th and FOMC on the 20th. Oil is to be watched. ^TNX is to be watched. This is so interesting and I'm still waiting to short the top so I can sell my SOXS and add to my SOXL. But cheers, bulls.

Cheers. Top might be somewhere here, but no need to panic sell or set a strict stop loss. Can always use puts as hedge. They're cheap actually.