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Barchart
Barchart
Rob Isbitts

This Popular Semiconductor ETF Has a Big Chip in Its Bull Case. How to Tell If It’s Broken Beyond Repair.

I have a chart that will knock your socks off. It’s none other than the very popular iShares Semiconductor ETF (SOXX), and I’ve marked in purple a very important point in the long up cycle. That’s a triangle, or wedge. And if SOXX breaks down through it without an instant recovery, it could open the stock market floodgates.

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