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Will_Wong

SOXL: The retracement from $202 is too deep for this to be

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Direxion Daily Semiconductor Bull 3x Shares (AMEX:SOXL)  
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AMEX:SOXL   Direxion Daily Semiconductor Bull 3x Shares
Wave Analysis
4
3
waveanalysis
an impulse. $202 has to be a wave B of 2 top. Expect an A=C decline fow Wave C at $100. Wait for point 1 and 2 to be established to set up the down channel. We should have a fun time riding this down fast and furiously to $100. In between, there might be opportunities to play a countertrend bounce.
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Point 1 revised.
snapshot
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