Semiconductor Index Rally Eyes New Highs as Elliott Wave Correction May Be Complete

The article suggests SOX may have completed an Elliott Wave correction, implying a potential path to new highs if key support holds. It cautions that breakout confirmation is still essential, making the near-term setup conditional rather than definitive.

Analysis

The article suggests SOX may have completed an Elliott Wave correction, implying a potential path to new highs if key support holds. It cautions that breakout confirmation is still essential, making the near-term setup conditional rather than definitive.