SOXL: The retracement from $202 is too deep for this to be
an impulse. $202 has to be a wave B of 2 top. Expect an A=C decline fow Wave C at $100. Wait for point 1 and 2 to be established to set up the down channel. We should have a fun time riding this down fast and furiously to $100. In between, there might be opportunities to play a countertrend bounce.
Kommentera:
Point 1 revised.
Kommentera:
