SOXX Gets Whacked on Tuesday: AI Trade Dangerous Short Term? | Semiconductors & MAGS NeoTA [3B2WjTFqDyK]
SOXX got whacked on Tuesday and the AI trade is looking quite dangerous in the short term. Semiconductors are very toppy here — failed bullish setups, extended moves, and distribution in the MAGS. In this video we break down the technical damage across SOXX, NDX, S&P 500, Kospi, Oil, and especially the MAGS with a clear bearish ABCD pattern. Timestamps: 00:00 Introduction 00:22 Semiconductors looking very vulnerable again and toppy. A failed bullish RT/RG. Extended MTTFs. 04:50 NDX hammered down 3.3% but the lower high remains elusive. 05:35 S&P is much weaker and will likely print a lower high tomorrow. 07:20 Kospi hammered lower — likely gets bought 08:52 Oil probably bounces (not a big factor anymore) 09:42 MAGS are being distributed away from. Bearish ABCD structure has a target of 61 11:02 What does it all mean? Be careful in the AI trade… but the S&P 500 weekly is still a high-probability buy with low risk. If you haven’t been careful in the AI/semiconductor trade, now is the time to tighten up. This is not a crash — it’s a short-term warning. Like if this helped, subscribe for daily/weekly market technical analysis, and drop your thoughts on the AI trade in the comments below 👇 #SOXX #MAGS #SemiconductorStocks #AITrade #TechnicalAnalysis #StockMarket 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