@Options777:
Stretching out the chart for $S&P 500(.SPX)$ $VanEck Semiconductor ETF(SMH)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , the current dip is a minor pull-back and shaking out those who are panicking after the 3 months of all time highs. The sell-in-may event this year got postponed till mid June because of the Iran war and the world cup. Big boys traders are taking a delayed summer break now thus the money flow is mainly algorithmic by the market makers. I expect to see more catalysts coming in late July onwards and hopefully we will re