Stock Watch: SOXL vs SOXS – A Divergence Play Setting Up?
Here’s something interesting I’ve been tracking:
SOXS (Semiconductor Bear 3x ETF) just flashed two consecutive bearish divergences on RSI. Price rallied, but momentum weakened each time, hinting at a potential exhaustion in the bearish momentum.
SOXL (Semiconductor Bull 3x ETF) on the other hand, is printing a bullish RSI divergence. Momentum is climbing while price is still struggling—classic early signal that buyers might step in soon.
If semis catch a bid, SOXL could get a strong bounce here, especially given how oversold it’s been recently. This might be a short-term reversal opportunity worth watching closely.
Charts attached. Curious what others think—anyone else seeing the same thing or trading this pair?
