NDX & SOXX Breakdown: Bounce Expected After July 2026 Correction? | Technical Analysis [RUGOGawSELI]
In this video we break down the recent **NDX and SOXX breakdowns** after their massive runs in 2026. NDX broke down as a direct result of the **SOXX breakdown**. Both indices have now broken key levels. We analyze where price is headed next, with a high-probability short-term bounce expected in the next 1-2 bars, followed by tests of bearish levels and ongoing distribution. Timestamps: 00:22 Introduction - Where are these markets after NDX and SOXX breakdowns 00:48 NDX broke down as a result of the SOXX. Most likely we will see bearish RT/RGs tested within 1 to 2 bars 01:56 SOXX was the cause of the break in the NDX which has also broken down. Same idea here. Bounce likely in 1 to 2 bars 04:28 Expect bounce, more pressure. Distribution taking place. What do you think — will we get a quick bounce or is this the start of something bigger? Drop your thoughts in the comments! 👍 Like if this analysis helped you 🔔 Subscribe + turn on notifications for daily/weekly market updates 💬 Comment your levels or setups #NDX #SOXX #TechnicalAnalysis #StockMarket #Semiconductors #Nasdaq ⚠️ Disclaimer: This video is for educational and informational purposes only and does not constitute financial advice. Trading involves risk. Always do your own research and consult a licensed financial advisor. L.A. Little's (tatoday.com) is an author and professional trader who creates trading videos that are both educational and actionable; revealing how the neoclassical trading model that he created can make stock trading much simpler and more accurate. It's all about trend and timing by identifying supply and demand on the charts. You can follow him at www.tatoday.com @tatoday on Twitter on YouTube on Substack