$SOXL UP 4.3% – BUT VOLUME TELLS A DIFFERENT STORY!"



SOXL is up 4.3% today, climbing to $133.81. The 2-hour chart shows a break above the descending trendline that had been suppressing price for six days. That's bullish. But volume on this breakout is lower than the selling volume we saw yesterday – a caution sign.

If SOXL holds above $133, I'd expect a move toward $138 and $142. Support is at $130. A break below would invalidate the breakout.

The divergence between price and volume makes this a questionable setup. I'm waiting for confirmation.
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SOXL3.32%
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