The SOX has been stubborn in maintaining 236 support and is now running close enough to its 200-day MA for it to push through. A move past the 200-day MA will help the Nasdaq and Nasdaq 100 get to, and break their 200-day MAs.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.