soxl

Will be closing out short SM positions later this week and going long. This is the monthly SOXL with trend lines drawn through monthly closes showing the EW count of an ending diagonal. Anticipated entry around 24.3. Stop below the apex drawn at point 4. First target 50, extended target 85. Expect dollar and SM cycle to turn at beginning of financial year. Best semi candidates look like MU, ON and MXIM, FWIW. Look at the monthly patterns and you can see large potential on a breakout.