SOX Index (Semiconductors) - 27 September 2024

Macro Updates Sep 27, 2024

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

SOX Index - pushing up towards an 80 day cycle peak.

The semiconductor index underwent a real up gap yesterday and the world and his dog are asking, "is this an exhaustion gap or is this a breakaway gap?"

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.