Update: Came back and missed something... the calendar... It turns out that Lao Bao was supposed to speak on Thursday, the WS group of people, already knew what Lao Bao was going to say....
It seems that hitting rock bottom is the most likely scenario. The probability of this rebound has significantly decreased. I only see 30% chance.... Those who are longing should set a good stop loss point..
Eating, a trip, coming back in the afternoon, returning to Taiwan this Sunday, going to sleep..
Maybe there will be a slight rebound in the next two days, maybe not?
There is a 60% chance of a slight rebound, directly breaking through the bottom and falling by 40%.
Just checked the monthly chart...OMG
Still saying this is a bull market, I think I can go see an ophthalmologist...
The monthly MACD line is currently crossing downwards, and we will see the MACD histogram turn red as early as the beginning of next month.
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $iShares Semiconductor ETF (SOXX.US)$ $PHLX Semiconductor Index (.SOX.US)$

You can have ideas, you can have opinions, be bullish or bearish, just don't trade recklessly. Do not keep holding on to SOXS or SOXL blindly. Imagine you are grilling fish, when the fish needs to be flipped, flip it, otherwise the fish will burn. At least when the fish is about to burn, remove it from the heat. Trading triple leverage bullish or bearish ETFs is like this, otherwise you will end up being eaten alive by losses.
With9/27Take the closing price as an example, because within a month, SOX experienced many ups and downs: (without any dividends in between)
SOX9/275217.23,10/275212.83, the difference between the two is only -0.08%.
However, within this month, the changes in SOXS and SOXL are significantly different.
SOXL9/2737.66,10/2735.28,Difference of 2.38 yuan, loss of 6.32%.
etf9/2719.70,10/2720.18, the difference between the two is 0.48 yuan, 2.43%.
Now it's short selling, not going long, so losses are beneficial to the bears. If the short-term trend is bullish, then losses will be the opposite. SOXS and SOXL can only be held in one trend, sell at high points, buy back at low points, repeat this simple process, money will keep coming in.
Decide whether to go long on the daily line next Monday based on the closing price.
The article retains many bearish arguments, currently holding a position in SOXS.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$