SOXX — Semiconductor Sector: Breakout and ContinuationiShares Semiconductor ETFBATS:SOXXInvestWorld_777SOXX is trading around 572.68 and remains inside a broader ascending channel after the strong rally from the 466.70 area. On the daily chart, price has formed a consolidation above the 534.14 support and is now testing the upper part of the recent range around 570–600. The structure remains constructive as long as price holds above 534.14, while the 466.70–480 zone remains the major lower support. The recent breakout from the local accumulation structure gives a potential path toward 599.37, which corresponds to the 0.382 Fibonacci level, followed by 681.34 at 0.618 and 807.04 at the 1.0 Fibonacci extension. A confirmed breakout and hold above 599–600 would open the way toward 681, while rejection could bring price back toward 534 before another attempt higher. CCI has turned sharply upward from negative territory, confirming improving momentum, although the indicator is already moving into the upper part of its range, so chasing price directly into resistance carries additional risk. Fundamentally, the semiconductor sector continues to benefit from strong AI, data-center and advanced computing demand. The main structural driver remains the continued expansion of investment in semiconductor infrastructure, while the broader technology cycle continues to support demand for advanced chips. An important upcoming event for SOXX is the 3-for-1 forward split: the record date is November 3, the split takes effect after the close on November 4, and SOXX will begin trading on a split-adjusted basis on November 5, 2026. The split itself does not change the underlying value of the ETF; it only increases the number of shares while proportionally reducing the price per share. From a technical perspective, the main levels to monitor are 534.14 as support, 599.37 as the first major resistance and confirmation level, 681.34 as the next Fibonacci target and 807.04 as the larger extension target. The key scenario remains continuation of the broader bullish structure while price holds above 534.14 and the ascending channel remains intact.