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

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ we're right up against the daily resistance on the upper Bollinger band it does not mean it cannot break out I just want to qualify that because we're watching breakouts happen with a lot of the mid-level chip stocks have broken out to the upside you can look at arm holdings up $9 today and you can see the chart where it was up against a resistance and it just blew right through it on the weekly level for this leveraged ETF 43.25 is what it looks like it could trade to and still not have broken out. so we've got about two and a half more dollars that conceivably this can run and it's not a breakout because the general trend on the weekly is still range bound between the lower Bollinger band and it's moving average.