Semiconductors are looking super weak right now. After yesterday's sell-off, they're still under pressure in pre-market trading today, with funds continuing to flow into M7 for risk aversion. SOXL is currently near the lower edge of its range and stuck in a downward channel within the range. Pre-market price has already dropped to the previous low of around 150. The last three times it dipped to 150, it was strongly recovered. If funds keep flowing out of semiconductors into M7 for safety like yesterday after the market opens, SOXL might not be able to hold this level and could dip into the yellow zone shown in the chart. #SOXL #Storage #Semiconductors