$SOXX Member Chart Request (Want your favorite ticker charted? Become a member at https://t.co/DPsk9vzJGc and enjoy unlimited technical chart requests). $SOXX flashed an early warning four weeks ago with a bearish engulfing candle while the RSI was above 80, signaling that bullish momentum had become stretched and sellers were beginning to overwhelm buyers at higher prices. The following week confirmed that shift in psychology with a close below the engulfing candle, showing bears had seized short-term control. The past two weeks have extended that weakness with continued selling pressure, including last week’s bearish continuation candle on strong volume, while the MACD sits on the verge of a bearish crossover, suggesting downside momentum is still building. Despite the recent pullback, the broader trend remains bullish as price continues to trade above its key moving averages in an uptrend. At this stage, the move appears to be a healthy correction within an uptrend rather than a trend reversal. New longs should remain patient and allow price action to dictate the next opportunity, ideally waiting for a bullish pivot reversal, a support level to prove itself with confirmation, or a consolidation pattern to develop (possible bull flag) before looking for higher-probability entries. $NVDA $AMD $AVGO $QCOM $MRVL $MU $TSM $ASML $AMAT $LRCX $KLAC $INTC
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