From Sexy To Soggy: SOX Is Breaking At The Worst Possible Time

SOX - from sexy to soggy

Over the weekend we flagged the risk of a massive SOX double top. Today, that risk is starting to materialise. SOX is slicing through the 50-day and slamming into its longer-term trend line. Lose this level and the downside gets ugly fast, with the 200-day still far below.