SOXL also experienced a significant drop last summer.
In fact, even though it has declined during this short period of volatility, when looking at the monthly chart, it is a total of July and August. $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ It is about 51%. (Refer to the link below.)
Last summer, it fell by a total of 58% for three consecutive months in August, September, and October. I remember buying at around $10 at that time, and my feelings were negative and heavy compared to now.
At that time, there were only pessimistic news and social media, thinking it was the end, but there was a rebound and it went up from November to March of the following year.
And today, the MACD has turned in the direction from 6 o'clock to 3 o'clock. It may still be too early to expect a golden cross, but I am looking forward to the market in September and October.
Let's stay positive and energetic!
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coco0217 : Good morning. I'm a beginner, so I was scared and couldn't move at that timeThe $14 range is too attractive
あきんちょ : What led to the rise in SOXL? I'm really curious about NVIDIA and who will advance first.
I think it takes patience to wait patiently for both of them until the presidential election.
レバレッジETF野郎 OP coco0217 : I miss the 14 dollar range, but when viewed from the 100 dollar range, the 14 dollar range should look like a sea of clouds!
Let's do our best!
It's a mental battle (^-^)
レバレッジETF野郎 OP あきんちょ : In my humble opinion, I hope NVIDIA's Gamma Squeeze by Whales will be the trigger!
NVDU is grabbing high prices, so I want them to go up quickly.
Let's all persevere!