Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106

Bitget

News

地平线全球策略2026/11/06 16:39

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

1 Further decline expected after the rebound

Sean:

I think there will be further downside after this bounce as the market rotates from AI into non-AI trades, as evidenced by SOXX staying flat while the indices rally hard.

I believe that after this round of rebound there will be further decline, as the market is shifting from AI to non-AI trades, because while the indices surged, SOXX remained flat.

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 0

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 1

Chart: After the post, SOXX broke down and plummeted by ~15%

...

2 Good shorting opportunities: ES & NQ

Sean:

I think there'll be good short opportunities in ES1! 7,733.00 and NQ1! 28,699.50 over the coming sessions.

I think ,ES (7,733 at the time of posting) and NQ (28,699.5 at the time of posting) will have good shorting opportunities in the coming trading sessions.

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 2

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 3

Chart: As expected, ES sold off sharply after the post Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 4

Chart: As expected, NQ sold off sharply after the post

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 5

You're welcome

...

3 Key level for aggressive bulls in semiconductors

Ariston:

A key horizontal level for SOXL. Aggressive bulls looking to play a short-term bounce can attempt an entry here with a tight stop.

A key level for SOXL.Those aggressive bulls will want to try entering here for a short-term bounce with a tight stop loss.

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 6

Chart: The last key level for SOXL bulls

...

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 7

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 8

Chart: After the breakdown, fell by ~45%

...

4 Where the sell-off may stall

Ariston:

#NQ A close above the July 29 low would confirm a Failed Breakout (FBO). Failure to find support here could send price toward T2 before the decline stops.

If #NQ closes above the July 29 low, this would confirm a Failed Breakout (FBO). If support isn't found here, prices may dip further towards T2 before the decline halts.

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 9

Chart: As of posting

...

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 10

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 11

Chart: T2 reached and provided precise support

...

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 12

Nasdaq and Semiconductors: Reasons for the Plunge and Where It Might Stall 261106 image 13

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The preliminary November Consumer Sentiment Index from the University of Michigan rose to 51 from 48 in October, surpassing the market's expectation of 48. This improvement was mainly concentrated among independent voters, whose consumer confidence reached a one-year high. About 57% of respondents proactively mentioned that high prices are affecting their standard of living, the highest percentage since May. Consumers expect prices to rise by 4.3% over the next year, the lowest level in three months.

华尔街见闻•2026/11/06 17:07