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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (126929)	6/22/2019 4:33:12 PM
From: yard_man	Read Replies (1) \| Respond to of 222324

I was joking -- you posted upside down chart?? <g>

To: GROUND ZERO™ who wrote (126929)	6/24/2019 8:59:04 AM
From: codfish23	1 Recommendation Recommended By Mevis Read Replies (3) \| Respond to of 222324

Here's why the SOX may crash--- as you've pointed out, June is historically the weakest month for that index. June started with the SOXL at sub $110, it's trading now at $135. So it HAS to crash, no??? JK, it doesn't HAVE to do anything. The market may have pre-anticipated the June swoon, and gotten out ahead of it. Pair that with the backdrop of the escalating trade war, with the semis being especially sensitive, and you've got a recipe for a swoon. The market may be pricing in a 50% chance of a trade deal, or at least progress towards it, right now. I'm holding my $108 SOXL for now