$SOXX - The blow off rally in semiconductors is not over yet. The next upside target is the 4th yearly resistance at $639. Keep in mind that when this blow off rally ends this sector will probably experience a 20%-30% crash in the July-November timeframe.
There have been 29 years since the S&P 500 began in 1957 where the highest point of the 1st half of the year occurred in June.
This year is the 30th.
Want to guess how many times, of the 29, it went on to set at least one more new high during the 2nd half?
All of them.
1) Look at pic. Realize I'm a golden god.
2) I have a BIG video coming on NFTs & my favorite proejcts this weekend.
Since this post I've been scooping up my favorite projects.
Why?
I dont think NFTs and crypto are the same asset class.
Its a luxury collectible. 🧵
FTX breaking every law ever and then doubling down and trying to steal client funds.
This is beyond greed. No one rational, once caught, would resort to this. Especially residing in the bahamas, which is akin to just handing yourself over.
Sam’s a fed plant and you know it.