Bullish Semiconductors? SOXX

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The semiconductors SOXX definitely tend to lead the market In bull rallies. I still think this saying will hold true for several years.

The SOXX is flirting with some pretty decent resistance. This would be a perfect spot for sellers to exit and price action to digest recent gains.

If the chart plays out like I think it will, we should have a decent pullback in this area which could create an epic inverse head right shoulder. This pattern would be a very bullish setup that could take us into new All Time Highs in 2026.

This is a weekly pattern so allow the chart some tike to play out.

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