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When fear and hesitation alternate, prices often give clues first. $SOXL has fallen from its highs this round. I focus more on whether buying support follows through, rather than just the magnitude of the drop.
The opening price for this record is 226.10. After the price reached 190, the previously expected downside space began to release, and the trend wasn't too indecisive.
The current yield is +316.2%. My observation is that the short covering phase is most prone to emotional fluctuations. The more so, the more attention should be paid to profit protection and drawdown control.
The market won't have just one opportunity. Those who follow along can record the process together; those who missed out shouldn't regret it. Keep your rhythm and continue observing.
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