C
Contrarian
Jun 19, 2026 · bearish
(https://www.marketwatch.com/story/chip-stocks-are-setting-records-but-this-hidden-chart-pattern-says-momentum-favors-the-bears-5ba98c10?mod=mw_rss_topstories), but here's what the bulls are missing: the RSI indicator on the SOXX has collapsed *below* overbought while prices made new highs. That's a textbook momentum divergence — price strength without breadth or conviction behind it.

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