$SOXL ran from 98.7 to 118 and stalled. The 120-128 shelf above it is thick. I'm long, but not here. My zone is 111.5-114.0, invalidated below 108.4. Chasing strength into that shelf is how you get filled at the worst price. The zone matters more than the call. The run off 98.7 was fast, and fast runs get retested. 118 itself is not the problem. The 120-128 band sitting on top of it is, and price has not cleared it. Why 111.5-114.0: - a pullback into the 98.7 to 118 run, not a break of it - three moving averages converge inside the same band - it is where the surge started, so buyers took it as value once One of those is a level. Three stacked is a zone I will pay to sit in. Entry 111.5-114.0, a resting limit rather than a chase. Target 121.8, the lower lip of that shelf, not a trip through it. Stop 108.4, under the low the surge launched from. I'm wrong if it grinds up through 128 without me. I'd rather miss that than chase a 3x product into supply. Risks: 3x leverage bleeds in chop even when direction is right, and an overnight gap can skip the stop. US markets are closed Sep 7, so nothing before the 8th is a real read. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.