A hot CPI print knocked $SOXL through the prior range low, and the very next hour bought it all back on heavy volume. I lean long, but I'm not chasing. I'm waiting for the first pullback into a zone where several supports stack. Why not buy now? The 1h chart shows bearish divergence at the new high, and a thick resistance band sits just overhead. Since the Nov 5 semis crash, each low has come in higher. The CPI flush was a test, and it held. What lines up in my entry zone: - Half of the latest up-leg - The lower edge of the gap the rally left behind - The short-term moving average and the middle of the prior day's range Four reasons in one place give a pullback real buyers. Wyckoff read: selling climax on huge volume, an automatic rally, then a retest on roughly one-fifth of the climax volume. Supply dried up. The CPI dip looks like the last test of support. Where I'm wrong: if price loses the low made during the CPI shock, the "beat the bad news" rebound has failed and I step aside. Risks: - 3x leverage decays in chop and can gap 30%+ in a day - AMAT earnings, PPI and Nvidia earnings land within a week, and the daily trend is still down Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.