Update: EST 01:15 This market, SOX has been pressured by the MA200 moving average for a day and a half. If it goes up on Friday, it will break through SOX's daily MA20 and MA200. If it breaks upwards, a short squeeze may occur, which could lead to a significant upward green candle. Those who want to short should set their stop-loss point at SOX 5120 (not at SOX 5150), and consider buying back if it drops to 5120.
In recent days, the yield of the U.S. 10-year Treasury bond has been continuously declining, and it is not ruled out that there may be false 'interest rate cut' news in WS on Friday and the following week.
For friends who are long on SOXL, if... SOX is really going up, at least we will see SOX fill the gap at 5320, which is around SOXL 32.5. (But this does not mean the highest point is here).
The stop-loss for short positions should be set at 5000-5060 for SOX. I suggest 5060 (at least half out), if the lower yellow solid line does not break 4990, consider picking up at 5000 again. At least you have a little room to react.
In the 30 minutes before the release of major economic figures, usually (60%) that market tends to rise, which makes the opportunity slightly higher. Those quick to pick up money on the roadside, riding the wave, can consider waiting until after the announcement and then getting in after a pullback.
Individuals hold SOXL.
SOXL is taking a break today, washing out the dish...