Sonny
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Sonny
Full time trader and investor specializing in Elliot Wave Theory, market psychology and macro cycles.
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Joined on 17th June 2025
SOXX/NDQ breakdown
I still see a lot of cope from people that think this is still going to make new highs. But when we put this chart in the context of the broader risk off environment developing, I think things are about to get quite ugly.
The daily rate of change of the SOXX is well below the 0 line - its literally impossible for it to make new highs if it stays below
