3X Long Labubu(@labubu_trader):SOX dipped to 11867 today, which is a critical low from 06/09 and 07/07. I will give it 1-2 days to reclaim the 50d EMA. Otherwise, I have to stop out any non-Mag7 positions. My thoughts are that semis should remain in a consolidation range instead of any directional breakout before the Mag7 ER, as bulls and bears are debating AI capex and ROI heavily with some balance. Any breakout of the range before the Mag7 ER means the market has reached some weird consensus for reasons we don’t know, and we should be very cautious.

3X Long Labubu

@labubu_trader

Labubu long term investor/bag holder. Trading as a hobby. All of my tweets are just my personal opinions. Not financial advice

Joined July 2009

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3X Long Labubu@labubu_trader

2026.07.16 22:04

SOX dipped to 11867 today, which is a critical low from 06/09 and 07/07. I will give it 1-2 days to reclaim the 50d EMA. Otherwise, I have to stop out any non-Mag7 positions. My thoughts are that semis should remain in a consolidation range instead of any directional breakout before the Mag7 ER, as bulls and bears are debating AI capex and ROI heavily with some balance. Any breakout of the range before the Mag7 ER means the market has reached some weird consensus for reasons we don’t know, and we should be very cautious.