SOXX Island Reversal WARNING: AI Narrative Cracking? Semiconductor Pullback in Process! [c0do4scLDI4]
#soxx, #smh #semiconductor #ai #SOXX #AISemiconductors #stockmarketanalysis Semiconductors were on a stupid run higher with FOMO out the gills… but they couldn’t push higher and the AI narrative is suddenly being questioned again. Perfect time for a setback? In this technical breakdown I show the SOXX island reversal, how much of a retrace we could see, the FOMO psychology when compared to the Transports, whether the AI story is actually dying, and if this could mark a longer-term top in semiconductors. Timestamps: 00:00 – Introduction 00:21 – SOXX Island Reversal 00:42 – How much of a retrace? 01:19 – SOXX vs Transports: FOMO psychology 02:22 – AI Narrative being called into question — is AI dead? 03:17 – Long-term top in SOXX? 03:30 – AI is the market — Wrap up If you trade semis, AI stocks, or the Nasdaq, drop your take below: Is the AI hype finally cracking or just another dip to buy? 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