$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ continue bull run for now, correction next week?
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10baggerbamm : yeah next week we have some big economic indicators coming out that can cause a very very quick reversal pre-market at 8:30. there's an enormous amount of profit taking in this basket that could occur from Monday's lows it's up 50%. that is a life-changing movement in 4 days.
so it's very possible and highly probable that one of these economic indicators is not going to be favorable and then the bobbleheads on TV start saying well see we're going into a recession then the FED has to cut and if they don't cut in September the market's going to collapse and if they cut a half a point that means they know something really bad is coming in the market is going to sell off so they can only cut a quarter point. so a sell-off realistically could put it back down 27 $28 with nothing but basic profit taking.
73951952 : brother uh