$ SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse performance (or opposite) of the daily performance of the Semiconductor Industry Index.
Semiconductors are currently at all-time highs, so a correction in the rally is very likely which could be exploited in a good way with a leveraged inverse ETF such as $ SOXS.
- RSI Oversold
- Price below MA50 and 200
- Key level at $ 8.10