Did you lose your $SOX?PHLX SemiconductorTVC:SOXROW_PartnersThe chart sure looks like it did!! SOX is slipping through an air pocket. There is no meaningful support until much lower. The index broke trend, momentum is accelerating, and RSI is sliding toward oversold but not quite there yet. The next real shelves (where to find more SOXX, should we just stop with the joke?!) are down at the 8k area, the GAP. Those aren’t predictions, they’re simply the next structural levels on the chart. Momentum is picking up on the downside, histogram turning red, and moving averages rolling over. This isn’t a dip inside an uptrend; it’s a trend transition with weakening breadth across semis. A ray of light! The Weekly view: Daily prints little to no hope BUT SOX may finally be running into some support on the weekly timeframe! Price is touching the weekly moving averages, and RSI is hitting the 50 zone, historically a place where the indices pause or stabilized. It doesn’t confirm a reversal, but it does introduce the first real chance for downside momentum to cool if buyers step in.