$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...

If you buy, isn't it a little below the 200-day moving average when looking at sox? The 200-day moving average has been broken twice and this will be the third time, with shallow support at 4700, 4500 if it's the same as before, and the strongest support at 4300. If it's soxl, it could drop from here by -10% to -30%.

NVIDIA's wallet is in the GAFA group, so if they don't loosen the purse strings and keep AI spending unchanged, NVIDIA's rapid growth as before will not happen. Also, semiconductor demand apart from AI is cyclical and declining.

Since the story of self-reliant rebound is unlikely to emerge, it might be best to look at the chart of each stock and expect a technical rebound.

Speaking only based on technical analysis for soxl, or based on intuition, is it a joke? Or just plain uninformed?