Sharing some data for the more emotional traders out there... Daily chart from the bear market low in Oct 2022... anchored VWAP on the most recent crash (April 2025). Obviously, the SOX is over-extended from a long-term channel perspective; however, that was when chips were cyclical and carried low multiples and margins. The broadening envelope on the AVWAP with the bullish upswing matters more because it validates what we've all been reading (or should be) about the sector shifting into a new regime. $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
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