SOX Price Pattern – MarketTells.com

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After falling nearly 4% intraday, the Semiconductor Index (SOX) rallied more than 2% off Thursday’s low but failed to close in positive territory. That’s a negative indication for the Wednesday-Thursday time frame. Below are the last 30 instances of this price pattern for the SOX index. 27 (90%) led to a lower SOX close one or two sessions later, significantly above the 5% random odds. Average loss was 2.5%…

SOX +2% Off Intraday Low, Closes Positive
07/27/21… SOX ???
02/23/21… SOX -2.8% two sessions later
09/21/20… SOX -1.3% two sessions later
09/17/20… SOX -1.5% one session later
09/04/20… SOX -4.7% one session later
03/06/20… SOX -8.3% one session later
05/09/19… SOX -4.6% two sessions later
05/06/19… SOX -2.4% one session later
04/26/19… SOX -0.2% one session later
12/06/18… SOX -3.7% one session later
11/16/18… SOX -3.9% one session later
10/23/18… SOX -6.6% one session later
09/12/18… SOX +2.3% two sessions later
12/01/17… SOX -2.5% one session later
06/09/17… SOX -0.5% one session later
11/09/16… SOX -2.1% one session later
09/24/15… SOX -2.3% two sessions later
08/24/15… SOX -1.2% one session later
07/07/15… SOX -2.6% one session later
03/26/15… SOX +4.2% one session later
07/23/12… SOX -0.4% one session later
05/08/12… SOX -0.3% one session later
09/26/11… SOX -1.2% two sessions later
09/06/11… SOX +3.9% one session later
08/24/11… SOX -2.7% one session later
08/05/11… SOX -5.4% one session later
03/15/11… SOX -2.2% one session later
11/11/10… SOX -0.8% two sessions later
08/12/10… SOX -0.9% one session later
06/08/10… SOX -0.8% one session later
05/06/10… SOX -1.6% one session later