$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ This looks like it could keep going until the next major semi company reports — NVDA, SNDK, MU, AMD, AVGO, MRVL, and the like. At that point, a possible approach is trading SOXL, selling into strength, and buying the dip on this. The impact from China's recent developments on US markets is hard to overstate. I suspect Korean markets already got a taste of this drop through insider flows when their memory stocks tanked.
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