Pressing for the Bear to Catch This Train

The two keys to my SOXS (triple-bearish ETF for semiconductor sector) long can be found in the top two components, INTC TSM, seen on their respective daily charts, below. INTC has been the weak sister, breaking down from the highlight sideways channel, while TSM, the strong one, may be ripe to breakdown from the highlighted rising wedge. If the broad market move lower largely holds into the bell in this final hour, I will retain my SOXS long overnight and press for a breakdown.