- Market Twists & Turns by BraVoCycles Newsletter
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- Semiconductor Index (SOX) Update
Semiconductor Index (SOX) Update
Boosted by NVDA?
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Semiconductor Index – SOX
SOX was boosted by NVDA gains but may be nearing a top of significance.
It is struggling with the red trendline emanating from the 2022 high.
It has a target slightly higher. So, we may see an overthrow of the trendline toward the target and a quick reversal.
Technical indicators are negatively diverging, which adds to the bearish potential.
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