pantheo

SOXX: Just another semiconductors - short - trade

Penjualan
NASDAQ:SOXX   iShares Semiconductor ETF
2
Semiconductor's aligned performance with major indexes is well known and well advertised.

Many felt disappointed and lost money - myself included - when they broke year's old resistance.

With an empty chart - that always help - found the following:

-Doji at the upper boundary of a bearish wedge

-127 fib resistance

-Monthly old money flow divergence, as well as with QQQ's (using them as a Nasdaq proxy){I knew that when shorted at the dotted line the previous time}

Not a revenge trade. I cooked lunch, dinner and the weeklies for the dog before I hit the short button. Watered the flowers too.

Can such a small doji, break such a huge bull? You never know and I don't really care. Even one downtick or a fraction of a penny can break empires at the right time, the right moment. As long as a good R/R exist, I sleep ok.

Just another trade.

Cheers

P.
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