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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Magnatizer who wrote (76425)2/27/2025 5:45:08 PM
From: Magnatizer1 Recommendation

Recommended By
Doug R

  Read Replies (2) of 79364
 
SOX

CCI breaking -200 on the down side. Will have a new signal bar some point in the near future.

Last week read on the weekly bars:

The cross zone is full of bears. Another successful defense. CCI also failed to break back north of the downtrend. this one is tough as the bears should have taken it down after the cross horizontal was retested from below but the bulls held on for a series of higher lows. A tough one to make money in for a trader right now. Whichever way it breaks should carry momentum for a good sized move.

tradingview.com

Weekly chart with final bar in flight, first major support in the 4420 area tradingview.com

Daily chart:

tradingview.com

close up tradingview.com
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