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Chip stocks are setting records, but this hidden chart pattern says momentum favors the bears

Economy MarketWatch By Tomi Kilgore 19 Jun 2026 13:56 1 min read
Chip stocks are setting records, but this hidden chart pattern says momentum favors the bears

The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that’s a bad sign.

The SOXX’s RSI indicator has fallen further below the overbought threshold despite prices making record highs. History suggests that’s a bad sign.

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